PayPal (NASDAQ:PYPL) Trading Down 1.7%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price traded down 1.7% during trading on Monday . The stock traded as low as $57.07 and last traded at $57.07. 3,338,159 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 14,942,623 shares. The stock had previously closed at $58.03.

Analysts Set New Price Targets

Several brokerages recently issued reports on PYPL. Royal Bank of Canada reiterated an “outperform” rating and set a $84.00 price target on shares of PayPal in a research report on Friday. Robert W. Baird raised their target price on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. UBS Group upped their price target on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt raised their price objective on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, BMO Capital Markets upped their target price on shares of PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Hold” and an average price target of $73.64.

PayPal Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $60.12 billion, a PE ratio of 14.38, a PEG ratio of 0.95 and a beta of 1.42. The business has a 50-day simple moving average of $63.18 and a 200 day simple moving average of $62.43.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the company posted $0.86 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Norges Bank bought a new stake in shares of PayPal in the fourth quarter worth about $749,561,000. The Manufacturers Life Insurance Company grew its holdings in PayPal by 125.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after buying an additional 958,130 shares in the last quarter. Clearbridge Investments LLC increased its stake in PayPal by 15.8% in the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after acquiring an additional 904,804 shares during the last quarter. Morgan Stanley raised its holdings in shares of PayPal by 4.5% during the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after acquiring an additional 873,181 shares in the last quarter. Finally, Boston Partners boosted its position in shares of PayPal by 4,024.5% during the 4th quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock valued at $48,099,000 after acquiring an additional 764,258 shares during the last quarter. 68.32% of the stock is currently 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.