PayPal (NASDAQ:PYPL) Stock Price Down 0.2%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded down 0.2% during trading on Thursday . The company traded as low as $62.83 and last traded at $63.12. 1,962,827 shares were traded during trading, a decline of 88% from the average session volume of 16,525,410 shares. The stock had previously closed at $63.26.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of PayPal from $75.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, February 8th. William Blair reaffirmed an "outperform" rating on shares of PayPal in a report on Thursday, February 8th. BMO Capital Markets decreased their price target on shares of PayPal from $65.00 to $60.00 and set a "market perform" rating for the company in a report on Thursday, February 8th. Daiwa Capital Markets cut shares of PayPal from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. Finally, DZ Bank cut shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target for the company. in a report on Friday, February 9th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, PayPal currently has an average rating of "Hold" and an average target price of $70.47.

PayPal Stock Down 1.8 %

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 company has a market capitalization of $65.37 billion, a PE ratio of 16.24, a P/E/G ratio of 1.44 and a beta of 1.45. The business's 50 day simple moving average is $62.15 and its 200 day simple moving average is $59.89.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The firm's revenue was up 8.7% on a year-over-year basis. As a group, analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Frank Keller sold 7,686 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of PayPal

Institutional investors have recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal during the 4th quarter worth approximately $25,000. Sutton Wealth Advisors Inc. raised its position in PayPal by 115.0% in the 3rd 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 during the last quarter. PCA Investment Advisory Services Inc. purchased a new stake in PayPal in the 2nd quarter valued at $27,000. Main Street Group LTD purchased a new stake in PayPal in the 4th quarter valued at $27,000. Finally, American National Bank purchased a new stake in PayPal in the 1st quarter valued at $27,000. 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.