PayPal (NASDAQ:PYPL) Shares Down 1.5% - Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares fell 1.5% during mid-day trading on Friday . The stock traded as low as $74.35 and last traded at $74.55. 1,462,549 shares traded hands during trading, a decline of 86% from the average session volume of 10,792,251 shares. The stock had previously closed at $75.70.

Analysts Set New Price Targets

A number of brokerages have recently commented on PYPL. Bank of America reduced their target price on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Compass Point began coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of "Hold" and an average target price of $83.42.

PayPal Stock Performance

The stock has a market capitalization of $72.55 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.22 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $72.23 and a 200-day moving average of $73.87.

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, beating the consensus estimate 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 analysts' expectations of $7.84 billion. During the same quarter last year, the business posted $1.08 EPS. The business's quarterly revenue was up 1.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the completion of the transaction, the director directly owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mpwm Advisory Solutions LLC purchased a new stake in shares of PayPal during the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in PayPal in the fourth quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new position in PayPal in the fourth quarter valued at $34,000. Pinney & Scofield Inc. acquired a new position in PayPal in the fourth quarter valued at $35,000. Finally, Evermay Wealth Management LLC grew its holdings 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 worth $27,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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.

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