PayPal (NASDAQ:PYPL) Trading Down 0.6%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded down 0.6% during trading on Friday . The company traded as low as $65.04 and last traded at $65.40. 2,604,239 shares traded hands during trading, a decline of 85% from the average session volume of 16,916,213 shares. The stock had previously closed at $65.80.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Oppenheimer restated a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Morgan Stanley restated an “equal weight” rating and set a $66.00 price objective (down previously from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Monness Crespi & Hardt lowered their price target on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Citigroup lowered their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Price Performance

The company has a market capitalization of $67.99 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.49 and a beta of 1.45. The company’s 50 day simple moving average is $62.12 and its 200-day simple moving average is $59.77. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts predict that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal during the 4th quarter worth about $25,000. Sutton Wealth Advisors Inc. lifted its holdings in shares of PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 237 shares during the period. American National Bank purchased a new position in shares of PayPal during the 1st quarter worth about $27,000. PCA Investment Advisory Services Inc. purchased a new position in PayPal in the second quarter valued at approximately $27,000. Finally, Main Street Group LTD purchased a new position in PayPal in the fourth quarter valued at approximately $27,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.