PayPal (NASDAQ:PYPL) Stock Price Down 2% - Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) dropped 2% on Friday . The stock traded as low as $75.85 and last traded at $76.10. Approximately 3,800,467 shares were traded during trading, a decline of 66% from the average daily volume of 11,134,418 shares. The stock had previously closed at $77.63.

Analysts Set New Price Targets

Several equities research analysts have commented on PYPL shares. Monness Crespi & Hardt boosted their target price on PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. UBS Group boosted their target price on PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group boosted their target price on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.52.

PayPal Price Performance

The firm has a 50 day moving average price of $84.86 and a 200 day moving average price of $80.96. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $74.44 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the company earned $1.48 earnings per share. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $25,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the third quarter worth about $26,000. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new stake in shares of PayPal during the fourth quarter worth about $27,000. Finally, Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Institutional investors 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.