PayPal (NASDAQ:PYPL) Stock Price Down 4.5% - Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price traded down 4.5% during trading on Friday . The company traded as low as $65.78 and last traded at $65.73. 5,479,824 shares were traded during trading, a decline of 49% from the average session volume of 10,837,191 shares. The stock had previously closed at $68.86.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Friday, February 28th. Keefe, Bruyette & Woods decreased their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a report on Monday. Morgan Stanley upped their target price on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PayPal has an average rating of "Moderate Buy" and an average target price of $89.40.

PayPal Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock's fifty day simple moving average is $76.28 and its 200-day simple moving average is $80.90. The stock has a market cap of $64.55 billion, a P/E ratio of 16.27, a PEG ratio of 1.27 and a beta of 1.52.

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PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the business posted $1.48 EPS. The business's revenue was up 4.2% on a year-over-year basis. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PYPL. Mascagni Wealth Management Inc. bought a new stake in shares of PayPal during the fourth quarter valued at about $47,000. 111 Capital acquired a new position in PayPal during the 4th quarter valued at about $2,916,000. Wealth Enhancement Advisory Services LLC raised its position in shares of PayPal by 62.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 119,207 shares of the credit services provider's stock worth $10,174,000 after buying an additional 45,670 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of PayPal by 0.5% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 114,630 shares of the credit services provider's stock worth $9,784,000 after acquiring an additional 583 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in shares of PayPal in the fourth quarter valued at approximately $27,676,000. Institutional investors and hedge funds 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.