PayPal (NASDAQ:PYPL) Shares Down 0.3% - What's Next?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) dropped 0.3% during mid-day trading on Thursday . The stock traded as low as $67.90 and last traded at $68.43. Approximately 2,332,440 shares traded hands during trading, a decline of 81% from the average daily volume of 12,153,047 shares. The stock had previously closed at $68.62.

Wall Street Analyst Weigh In

PYPL has been the subject of several research reports. BTIG Research reissued a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Macquarie raised their target price on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Friday, February 28th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Fourteen equities research 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $90.03.

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PayPal Stock Up 3.0 %

The company has a market capitalization of $68.21 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm's fifty day moving average is $79.96 and its 200-day moving average is $80.88.

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

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company's stock.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mpwm Advisory Solutions LLC bought a new stake in PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new stake in PayPal during the 4th quarter valued at $27,000. Rosenberg Matthew Hamilton increased its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the 3rd quarter valued at $26,000. Finally, Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. 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.