PayPal (NASDAQ:PYPL) Trading Down 1.4% Following Analyst Downgrade

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price fell 1.4% on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $104.00 to $85.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. PayPal traded as low as $63.40 and last traded at $64.25. 2,956,026 shares were traded during trading, a decline of 74% from the average session volume of 11,193,841 shares. The stock had previously closed at $65.15.

Several other equities analysts have also commented on PYPL. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Barclays increased their target price on PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 17th. Macquarie boosted their price target on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Finally, Robert W. Baird dropped their price objective on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.40.

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Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of PayPal

A number of hedge funds have recently modified their holdings of PYPL. United Bank grew its stake in PayPal by 9.7% during the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider's stock valued at $698,000 after acquiring an additional 794 shares in the last quarter. Public Sector Pension Investment Board grew its position in PayPal by 4.3% during the third quarter. Public Sector Pension Investment Board now owns 48,228 shares of the credit services provider's stock valued at $3,763,000 after purchasing an additional 2,000 shares in the last quarter. Captrust Financial Advisors increased its stake in PayPal by 39.9% in the 3rd quarter. Captrust Financial Advisors now owns 87,512 shares of the credit services provider's stock valued at $6,829,000 after buying an additional 24,940 shares during the period. Edgestream Partners L.P. lifted its position in PayPal by 24.8% in the 3rd quarter. Edgestream Partners L.P. now owns 35,364 shares of the credit services provider's stock worth $2,759,000 after buying an additional 7,025 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of PayPal during the 3rd quarter valued at $47,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Stock Up 1.3 %

The business's 50 day simple moving average is $75.75 and its 200-day simple moving average is $80.86. 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 company has a market cap of $65.39 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

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

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.