PayPal (NASDAQ:PYPL) Trading Down 0.3% - Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) dropped 0.3% on Monday . The company traded as low as $89.52 and last traded at $90.74. Approximately 1,936,860 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 13,007,605 shares. The stock had previously closed at $91.02.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. UBS Group raised their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Stephens increased their price target on shares of PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a research report on Friday, October 18th. Oppenheimer initiated coverage on shares of PayPal in a research report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, BMO Capital Markets upped their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $86.74.

PayPal Trading Up 0.3 %

The stock's 50 day moving average is $84.09 and its 200-day moving average is $72.58. The company has a market cap of $91.53 billion, a P/E ratio of 21.79, a PEG ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the 3rd quarter worth about $26,000. Family Firm Inc. bought a new position in PayPal during the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 167 shares during the period. Tortoise Investment Management LLC boosted its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock worth $30,000 after purchasing an additional 465 shares during the last quarter. Finally, Planning Capital Management Corp grew its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after purchasing an additional 268 shares during the period. 68.32% of the stock is 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.