PayPal (NASDAQ:PYPL) Stock Price Down 1.5%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price fell 1.5% on Thursday . The company traded as low as $64.68 and last traded at $64.87. 2,653,617 shares changed hands during trading, a decline of 84% from the average session volume of 17,034,943 shares. The stock had previously closed at $65.88.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $68.00 price target on shares of PayPal in a research note on Thursday, February 8th. Monness Crespi & Hardt dropped their price target on PayPal from $95.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Mizuho dropped their price target on PayPal from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, February 8th. Canaccord Genuity Group dropped their price target on PayPal from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Finally, BMO Capital Markets dropped their price target on PayPal from $65.00 to $60.00 and set a "market perform" rating for the company in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of "Hold" and a consensus target price of $70.47.

PayPal Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The business has a 50 day simple moving average of $62.00 and a two-hundred day simple moving average of $59.68. The firm has a market cap of $70.52 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.50 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The business's revenue was up 8.7% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction on 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 owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in PayPal during the fourth quarter valued at about $25,000. Sutton Wealth Advisors Inc. boosted its position in 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 purchasing an additional 237 shares in the last quarter. American National Bank bought a new stake in PayPal during the first quarter valued at about $27,000. PCA Investment Advisory Services Inc. acquired a new stake in PayPal in the second quarter worth about $27,000. Finally, Main Street Group LTD acquired a new stake in PayPal in the fourth quarter worth about $27,000. 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.