PayPal (NASDAQ:PYPL) Trading Down 0.1%

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded down 0.1% on Wednesday . The company traded as low as $63.20 and last traded at $63.34. 1,921,405 shares changed hands during trading, a decline of 88% from the average session volume of 16,637,705 shares. The stock had previously closed at $63.43.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a report on Friday, January 5th. William Blair reissued an "outperform" rating on shares of PayPal in a research note on Thursday, February 8th. Canaccord Genuity Group lowered their target price on PayPal from $100.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $74.00 target price on shares of PayPal in a research note on Thursday, March 21st. Finally, JPMorgan Chase & Co. lowered their target price on PayPal from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, PayPal currently has a consensus rating of "Hold" and a consensus target price of $70.53.

PayPal Trading Down 0.3 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The business has a 50-day moving average of $62.15 and a 200-day moving average of $59.89. The firm has a market cap of $66.59 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 1.44 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 3.93 EPS for the current year.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. State Street Corp lifted its stake in shares of PayPal by 2.7% in the 1st quarter. State Street Corp now owns 45,423,344 shares of the credit services provider's stock valued at $3,449,434,000 after acquiring an additional 1,202,956 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of PayPal by 1.1% in the 1st quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider's stock valued at $1,586,966,000 after acquiring an additional 235,651 shares during the last quarter. Morgan Stanley lifted 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 acquiring an additional 873,181 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of PayPal by 110,462.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider's stock valued at $1,220,431,000 after acquiring an additional 17,120,572 shares during the last quarter. Finally, Norges Bank bought a new position in shares of PayPal in the 4th quarter valued at $1,022,333,000. 68.32% of the stock is currently owned by 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.