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

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) fell 0.3% during trading on Wednesday . The company traded as low as $89.14 and last traded at $89.49. 2,277,428 shares were traded during mid-day trading, a decline of 73% from the average session volume of 8,346,627 shares. The stock had previously closed at $89.77.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PYPL. Piper Sandler reissued a "neutral" rating and issued a $88.00 price target on shares of PayPal in a research report on Friday, November 22nd. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Citigroup boosted their price objective on PayPal from $94.00 to $97.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Robert W. Baird lifted their target price on shares of PayPal from $80.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Finally, Barclays upped their price target on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and an average price target of $89.32.

PayPal Trading Up 0.4 %

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $90.35 billion, a PE ratio of 21.51, a P/E/G ratio of 1.57 and a beta of 1.44. The business's fifty day moving average price is $87.57 and its 200 day moving average price is $77.41.

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

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in 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 during the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% in 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 during the last quarter. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after buying an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. raised its position in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after buying an additional 243 shares during the period. Hedge funds and other institutional investors own 68.32% of the company's stock.

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.

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