PayPal (NASDAQ:PYPL) Stock Price Down 0.3% - What's Next?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares were down 0.3% during mid-day trading on Friday . The company traded as low as $70.18 and last traded at $70.29. Approximately 2,216,367 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 11,210,851 shares. The stock had previously closed at $70.48.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PYPL shares. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research note on Friday, February 28th. Barclays lowered their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Monness Crespi & Hardt decreased their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Arete Research set a $81.00 target price on shares of PayPal in a research note on Thursday, March 27th. Finally, Seaport Res Ptn cut PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.68.

PayPal Trading Down 0.0%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $70.30 billion, a P/E ratio of 18.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The business has a 50 day simple moving average of $65.71 and a 200-day simple moving average of $77.61.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in PayPal by 2.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 75,060 shares of the credit services provider's stock worth $5,857,000 after acquiring an additional 1,523 shares in the last quarter. Czech National Bank increased its holdings in PayPal by 4.4% during the fourth quarter. Czech National Bank now owns 217,371 shares of the credit services provider's stock worth $18,553,000 after buying an additional 9,111 shares during the last quarter. Aprio Wealth Management LLC bought a new stake in PayPal during the fourth quarter worth $226,000. Fiduciary Alliance LLC grew its position in shares of PayPal by 9.9% in the 4th quarter. Fiduciary Alliance LLC now owns 97,330 shares of the credit services provider's stock valued at $8,307,000 after acquiring an additional 8,780 shares during the period. Finally, Trust Co. of Toledo NA OH raised its holdings in shares of PayPal by 11.9% in the 4th quarter. Trust Co. of Toledo NA OH now owns 6,843 shares of the credit services provider's stock valued at $584,000 after purchasing an additional 725 shares during the period. Institutional investors and hedge funds 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.