PayPal (NASDAQ:PYPL) Trading Down 0.1% - Here's Why

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) fell 0.1% during trading on Wednesday . The stock traded as low as $85.05 and last traded at $85.35. 4,526,183 shares traded hands during trading, a decline of 65% from the average session volume of 12,839,767 shares. The stock had previously closed at $85.43.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered shares of PayPal from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $75.00 to $80.00 in a report on Thursday, October 10th. Macquarie boosted their price target on PayPal from $95.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and upped their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. UBS Group boosted their target price on PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, Stephens raised their price target on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal has a consensus rating of "Moderate Buy" and a consensus target price of $88.42.

PayPal Trading Down 0.1 %

The stock has a market cap of $85.57 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The firm's 50 day simple moving average is $85.66 and its two-hundred day simple moving average is $74.45. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PYPL. Aptus Capital Advisors LLC lifted its position in PayPal by 5.4% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,892 shares of the credit services provider's stock valued at $574,000 after purchasing an additional 510 shares during the last quarter. Essex Financial Services Inc. acquired a new position in shares of PayPal during the second quarter worth approximately $249,000. Summit Financial LLC acquired a new stake in PayPal in the 2nd quarter valued at approximately $363,000. Ritholtz Wealth Management boosted its position in PayPal by 15.0% during the 2nd quarter. Ritholtz Wealth Management now owns 4,572 shares of the credit services provider's stock worth $265,000 after acquiring an additional 595 shares during the period. Finally, Valmark Advisers Inc. grew its stake in shares of PayPal by 1.7% in the second quarter. Valmark Advisers Inc. now owns 12,666 shares of the credit services provider's stock worth $735,000 after purchasing an additional 210 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Company Profile

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.