PayPal (NASDAQ:PYPL) Shares Down 0.4% - Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) was down 0.4% during trading on Monday . The company traded as low as $64.97 and last traded at $65.06. Approximately 3,672,897 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 11,416,256 shares. The stock had previously closed at $65.34.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PYPL. Arete Research set a $81.00 price objective on shares of PayPal in a research report on Thursday, March 27th. Citigroup reaffirmed an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Piper Sandler dropped their target price on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a report on Tuesday. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research report on Friday, February 28th. Finally, BTIG Research reiterated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $83.72.

PayPal Stock Performance

The stock has a market cap of $64.35 billion, a P/E ratio of 16.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company's 50 day moving average price is $66.08 and its 200-day moving average price is $78.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The firm 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 company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new position in PayPal during the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth about $27,000. Rosenberg Matthew Hamilton raised its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the fourth quarter worth about $34,000. 68.32% of the stock is currently owned by hedge funds and other 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.