PayPal (NASDAQ:PYPL) Trading Down 0.7% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL) dropped 0.7% during mid-day trading on Friday . The stock traded as low as $85.12 and last traded at $85.15. Approximately 1,913,717 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 13,443,896 shares. The stock had previously closed at $85.79.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. Robert W. Baird increased their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Trading Up 0.0 %

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 stock’s fifty day moving average is $78.86 and its 200 day moving average is $69.01. The stock has a market cap of $86.05 billion, a P/E ratio of 20.48, a P/E/G ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal in the third quarter worth approximately $26,000. Family Firm Inc. bought a new position in PayPal in the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the period. Tortoise Investment Management LLC lifted its position in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.