PayPal (NASDAQ:PYPL) Trading Down 0.2%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as $58.97 and last traded at $59.39. 1,859,644 shares were traded during trading, a decline of 88% from the average session volume of 14,914,381 shares. The stock had previously closed at $59.49.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Mizuho raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $68.00 to $90.00 in a research report on Thursday, May 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $69.00 price target on shares of PayPal in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Finally, Sanford C. Bernstein upped their price target on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Twenty-one research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.64.

PayPal Stock Down 1.8 %

The firm has a fifty day moving average of $63.44 and a 200-day moving average of $62.47. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market cap of $60.94 billion, a P/E ratio of 14.68, a price-to-earnings-growth ratio of 0.97 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the company posted $0.86 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Large investors have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Norges Bank bought a new position in PayPal in the fourth quarter valued at about $749,561,000. Charles Schwab Investment Management Inc. raised its stake in PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock worth $428,449,000 after acquiring an additional 265,116 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of PayPal by 15.8% in the first 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. Finally, Atreides Management LP boosted its stake in shares of PayPal by 9.3% in the 3rd quarter. Atreides Management LP now owns 4,174,520 shares of the credit services provider’s stock valued at $244,042,000 after purchasing an additional 355,411 shares in the last quarter. 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.