PayPal (NASDAQ:PYPL) Stock Price Down 0.4% – Time to Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) were down 0.4% on Thursday . The stock traded as low as $86.27 and last traded at $86.57. Approximately 5,477,894 shares changed hands during trading, a decline of 59% from the average daily volume of 13,295,025 shares. The stock had previously closed at $86.94.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PYPL shares. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Susquehanna lifted their price target on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. UBS Group lifted their target price on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Phillip Securities reiterated an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $83.60.

PayPal Stock Up 0.2 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day simple moving average of $81.69 and a two-hundred day simple moving average of $70.45. The stock has a market cap of $86.99 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during 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 company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. LRI Investments LLC bought a new stake in shares of PayPal during the 1st quarter worth $34,000. Burney Co. purchased a new stake in shares of PayPal during the 1st quarter worth about $1,912,000. Cetera Investment Advisers raised its stake in shares of PayPal by 229.8% during the 1st quarter. Cetera Investment Advisers now owns 205,295 shares of the credit services provider’s stock worth $13,753,000 after purchasing an additional 143,046 shares in the last quarter. Cetera Advisors LLC lifted its stake in PayPal by 76.2% in the first quarter. Cetera Advisors LLC now owns 44,526 shares of the credit services provider’s stock valued at $2,983,000 after acquiring an additional 19,257 shares during the last quarter. Finally, Westwood Holdings Group Inc. acquired a new stake in shares of PayPal in the 1st quarter valued at $251,000. 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.