PayPal (NASDAQ:PYPL) Trading Down 2.7%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price fell 2.7% during mid-day trading on Thursday . The stock traded as low as $62.95 and last traded at $63.12. 3,070,083 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 16,135,881 shares. The stock had previously closed at $64.84.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Oppenheimer reissued a "market perform" rating on shares of PayPal in a research report on Thursday, January 25th. Royal Bank of Canada restated an "outperform" rating and issued a $74.00 target price on shares of PayPal in a report on Thursday, March 21st. DZ Bank downgraded shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target on the stock. in a report on Friday, February 9th. Morgan Stanley reissued an "equal weight" rating and issued a $66.00 price objective (down previously from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Finally, Wedbush reaffirmed an "outperform" rating and set a $85.00 target price on shares of PayPal in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $70.47.

PayPal Trading Down 1.1 %

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 company's 50-day moving average price is $62.65 and its 200-day moving average price is $60.08. The firm has a market cap of $67.47 billion, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business's revenue was up 8.7% compared to the same quarter last year. Equities analysts expect that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Insider Activity

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 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 directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently bought and sold shares of the company. Hartford Financial Management Inc. grew its holdings in shares of PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider's stock worth $63,000 after purchasing an additional 163 shares during the period. Pine Haven Investment Counsel Inc boosted its stake in PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider's stock worth $289,000 after buying an additional 170 shares during the period. Brooks Moore & Associates Inc. increased its position in shares of PayPal by 1.3% during the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider's stock valued at $841,000 after acquiring an additional 180 shares during the last quarter. Waldron Private Wealth LLC raised its stake in shares of PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider's stock valued at $590,000 after acquiring an additional 182 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider's stock worth $79,000 after acquiring an additional 184 shares during the last quarter. 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.

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