PayPal (NASDAQ:PYPL) Stock Price Down 0.4%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price fell 0.4% on Monday . The stock traded as low as $64.95 and last traded at $65.42. 4,076,616 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 16,423,137 shares. The stock had previously closed at $65.70.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PYPL. Evercore ISI lifted their target price on shares of PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Robert W. Baird boosted their price objective on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Mizuho boosted their price objective on shares of PayPal from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, February 8th. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $72.73.

PayPal Trading Down 0.1 %

The firm has a fifty day moving average of $63.69 and a two-hundred day moving average of $60.56. The company has a market cap of $68.63 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 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 company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was 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 of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

A number of large investors have recently bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in PayPal in the 4th quarter worth approximately $25,000. Sutton Wealth Advisors Inc. increased its stake in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares during the period. Pittenger & Anderson Inc. increased its stake in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the period. American National Bank purchased a new position in shares of PayPal during the first quarter valued at approximately $27,000. Finally, Private Wealth Management Group LLC purchased a new position in shares of PayPal during the fourth quarter valued at approximately $29,000. 68.32% of the stock is 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.