PayPal (NASDAQ:PYPL) Shares Down 1.3% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price dropped 1.3% on Tuesday . The company traded as low as $74.92 and last traded at $75.19. Approximately 2,038,191 shares traded hands during trading, a decline of 81% from the average daily volume of 10,813,125 shares. The stock had previously closed at $76.18.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. UBS Group dropped their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird upped their price objective on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Barclays dropped their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Bank of America dropped their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of "Hold" and a consensus target price of $83.42.

PayPal Stock Up 1.2%

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $73.61 billion, a P/E ratio of 16.89, a PEG ratio of 1.23 and a beta of 1.45. The stock has a 50-day moving average of $72.02 and a 200 day moving average of $73.95.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. PayPal's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.08 earnings per share. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 3,795 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director directly owned 13,976 shares of the company's stock, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $304,824.88. Following the sale, the insider directly owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of PayPal

Hedge funds have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the fourth quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal during the fourth quarter valued at about $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the fourth quarter valued at about $34,000. Pinney & Scofield Inc. acquired a new stake in shares of PayPal during the fourth quarter valued at about $35,000. Finally, Evermay Wealth Management LLC boosted its stake in shares of PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.