PayPal (NASDAQ:PYPL) Stock Price Down 1.9% - What's Next?

Key Points

• PayPal's stock saw a decline of 1.9%, trading at $67.46 after reaching a low of $67.19, with a significant drop in trading volume.
• Analysts maintain a consensus rating of "Moderate Buy" for PayPal, with an average target price of $84.57 despite varying individual price targets.
• Insider activity has increased, with significant shares sold recently by executives, reflecting a 21.36% decrease in ownership for Director Deborah M. Messemer.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) fell 1.9% during trading on Friday . The company traded as low as $67.19 and last traded at $67.46. 4,854,274 shares changed hands during trading, a decline of 57% from the average session volume of 11,202,932 shares. The stock had previously closed at $68.76.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of research analyst reports. Robert W. Baird increased their price target on PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Bank of America lowered their target price on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Piper Sandler set a $74.00 target price on shares of PayPal in a report on Tuesday. Deutsche Bank Aktiengesellschaft set a $75.00 target price on PayPal in a report on Tuesday. Finally, BMO Capital Markets reissued a "market perform" rating on shares of PayPal in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.57.

PayPal Trading Down 3.1%

The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $73.20 and a 200 day moving average of $72.55. The firm has a market cap of $63.68 billion, a PE ratio of 14.25, a P/E/G ratio of 1.11 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%. During the same quarter last year, the business posted $1.19 earnings per share. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other PayPal 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 value of $277,035.00. Following the sale, the director owned 13,976 shares in the company, valued at approximately $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,796 shares of company stock valued at $863,028. 0.08% of the stock is currently owned by company insiders.

Institutional Trading of PayPal

A number of institutional investors have recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC purchased a new position in PayPal in the fourth quarter worth about $25,000. Hurley Capital LLC bought a new stake in PayPal during the fourth quarter valued at approximately $27,000. Hilltop National Bank bought a new position in PayPal in the second quarter worth approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of PayPal in the 4th quarter worth $34,000. Finally, Pinney & Scofield Inc. bought a new position in PayPal in the 4th quarter worth $35,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.