PayPal (NASDAQ:PYPL) Stock Price Down 0.9% - Here's What Happened

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price fell 0.9% during trading on Thursday . The company traded as low as $71.68 and last traded at $72.03. 1,927,480 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 11,225,062 shares. The stock had previously closed at $72.68.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PYPL. 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. Wells Fargo & Company lowered their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Bank of America lowered their price target 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, Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Stock Performance

The firm has a market cap of $70.11 billion, a P/E ratio of 17.98, a PEG ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company's 50-day moving average is $65.83 and its two-hundred day moving average is $77.54.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. As a group, equities analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PYPL. Park Place Capital Corp lifted its holdings in shares of PayPal by 6.6% during the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after acquiring an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% in 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 during the last quarter. JFS Wealth Advisors LLC lifted its stake in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC lifted its stake in PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after purchasing an additional 130 shares during the last quarter. Finally, Avalon Trust Co lifted its stake in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares during the last quarter. 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.

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