PayPal (NASDAQ:PYPL) Shares Down 1.3%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares were down 1.3% during trading on Tuesday . The stock traded as low as $63.80 and last traded at $63.91. Approximately 1,955,972 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 15,551,885 shares. The stock had previously closed at $64.77.

Analyst Ratings Changes

Several analysts recently weighed in on the company. UBS Group upped their price target on PayPal from $63.00 to $71.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. DZ Bank cut shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target on the stock. in a research note on Friday, February 9th. Robert W. Baird boosted their price objective on PayPal from $70.00 to $77.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. Canaccord Genuity Group cut their target price on PayPal from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Finally, StockNews.com lowered PayPal from a "buy" rating to a "hold" rating in a research report on Tuesday. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $72.73.

PayPal Price Performance

The firm's fifty day simple moving average is $64.85 and its 200 day simple moving average is $61.52. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $67.05 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.16 and a beta of 1.41.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company's stock, valued at $1,420,795.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PayPal

A number of large investors have recently made changes to their positions in the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the fourth quarter valued at $25,000. Sutton Wealth Advisors Inc. raised 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 worth $26,000 after acquiring an additional 237 shares during the period. Pittenger & Anderson Inc. grew its position in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank acquired a new position in shares of PayPal during the 1st quarter worth about $27,000. Finally, Private Wealth Management Group LLC purchased a new position in PayPal in the 4th quarter valued at about $29,000. 68.32% of the stock is owned by institutional investors and hedge funds.

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.