PayPal (NASDAQ:PYPL) Shares Down 1.3% - Time to Sell?

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

Analysts Set New Price Targets

Several research firms recently commented on PYPL. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Evercore ISI began coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price on the stock. Wells Fargo & Company cut their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Bank of America cut their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Citigroup dropped their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PayPal currently has a consensus rating of "Hold" and a consensus price target of $83.42.

PayPal Trading Down 0.3%

The stock's 50 day moving average is $71.84 and its 200-day moving average is $73.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company has a market cap of $72.77 billion, a P/E ratio of 16.74, a PEG ratio of 1.24 and a beta of 1.45.

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

Insiders Place Their Bets

In other news, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director owned 13,976 shares of the company's stock, valued at $1,020,248. This represents a 21.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the sale, the insider directly owned 48,483 shares of the company's stock, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is owned by insiders.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently made changes to their positions in PYPL. Brighton Jones LLC increased its holdings in PayPal by 15.2% in the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after acquiring an additional 924 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in PayPal in the 4th quarter worth approximately $248,000. Assetmark Inc. increased its holdings in PayPal by 492.4% in the 4th quarter. Assetmark Inc. now owns 1,410 shares of the credit services provider's stock worth $120,000 after acquiring an additional 1,172 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in PayPal in the 4th quarter worth approximately $216,000. Finally, OFI Invest Asset Management purchased a new stake in PayPal in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors 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.