PayPal (NASDAQ:PYPL) Stock Price Down 3% - Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares traded down 3% on Thursday . The stock traded as low as $67.52 and last traded at $68.57. 20,407,159 shares were traded during trading, an increase of 85% from the average session volume of 11,021,444 shares. The stock had previously closed at $70.67.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PYPL. Macquarie lowered their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. UBS Group decreased their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods cut their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Morgan Stanley increased their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group restated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, PayPal has an average rating of "Hold" and a consensus price target of $83.29.

PayPal Stock Down 3.0%

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 firm has a market cap of $66.69 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.17 and a beta of 1.45. The firm's 50 day simple moving average is $68.67 and its two-hundred day simple moving average is $75.48.

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

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider now owns 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the director now owns 13,976 shares of the company's stock, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently made changes to their positions in PYPL. Norges Bank acquired a new stake in PayPal during the 4th quarter valued at approximately $1,086,508,000. Capital Research Global Investors boosted its stake in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Nuveen LLC acquired a new stake in shares of PayPal during the first quarter worth $529,264,000. Artisan Partners Limited Partnership raised its stake in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock worth $666,100,000 after buying an additional 5,772,198 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in PayPal by 44.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after buying an additional 2,638,815 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

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.

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