PayPal (NASDAQ:PYPL) Trading Down 1%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price dropped 1% during trading on Friday . The company traded as low as $78.69 and last traded at $79.27. Approximately 3,840,887 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 14,059,392 shares. The stock had previously closed at $80.08.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $84.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Susquehanna upped their target price on shares of PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Monness Crespi & Hardt raised their target price on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, William Blair upgraded PayPal to a “hold” rating in a report on Tuesday, July 30th. Seventeen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.38.

PayPal Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The company has a fifty day moving average price of $68.41 and a 200 day moving average price of $64.93. The company has a market cap of $81.82 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently bought and sold shares of the company. Distillate Capital Partners LLC boosted its stake in shares of PayPal by 156,934.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock valued at $19,957,000 after purchasing an additional 343,687 shares in the last quarter. Fiduciary Alliance LLC boosted its holdings in PayPal by 604.7% during the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after acquiring an additional 45,544 shares during the period. 1832 Asset Management L.P. grew its position in PayPal by 44.6% during the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 381 shares during the last quarter. Blue Trust Inc. increased its stake in PayPal by 21.2% in the 2nd quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock worth $195,000 after purchasing an additional 588 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in PayPal by 18.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock valued at $15,686,000 after purchasing an additional 36,994 shares during the last quarter. Hedge funds and other 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.