PayPal (NASDAQ:PYPL) Trading Down 1.8% - Here's What Happened

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) fell 1.8% during trading on Monday . The stock traded as low as $59.74 and last traded at $59.92. 1,636,718 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 11,988,978 shares. The stock had previously closed at $61.00.

Analyst Ratings Changes

Several equities analysts recently commented on PYPL shares. Citigroup reissued an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Bank of America dropped their target price on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $85.88.

PayPal Trading Up 2.3 %

The company has a market cap of $63.19 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The firm has a 50-day moving average price of $67.29 and a 200 day moving average price of $78.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

Several large investors have recently made changes to their positions in the business. Park Place Capital Corp boosted its position in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after purchasing an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after buying an additional 125 shares during the period. Wynn Capital LLC boosted its holdings in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after buying an additional 130 shares during the period. Finally, Avalon Trust Co boosted its holdings in shares of PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after buying an additional 135 shares during the period. Institutional investors own 68.32% of the company's stock.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.