PayPal (NASDAQ:PYPL) Trading Down 3% - Time to Sell?

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

Wall Street Analysts Forecast Growth

PYPL has been the subject of several analyst reports. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research note on Friday, February 28th. Truist Financial initiated coverage on PayPal in a research report on Monday, June 2nd. They set a "sell" rating and a $68.00 price objective on the stock. UBS Group decreased their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Compass Point assumed coverage on PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. Finally, Arete Research set a $81.00 price target on PayPal in a research report on Thursday, March 27th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $83.29.

PayPal Stock Up 2.2%

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 company has a market capitalization of $68.13 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 1.16 and a beta of 1.45. The company has a 50-day moving average of $68.98 and a two-hundred day moving average of $75.16.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results 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. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the business posted $1.08 EPS. The company's revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 3,795 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director now directly owns 13,976 shares in the company, valued at $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the sale, the insider now owns 48,483 shares in the company, valued at $3,550,894.92. This represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,796 shares of company stock valued at $863,028 over the last 90 days. Company insiders own 0.08% of the company's stock.

Institutional Investors Weigh In On PayPal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC purchased a new stake in PayPal during the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. bought a new position in shares of PayPal during the fourth quarter valued at approximately $34,000. Pinney & Scofield Inc. bought a new position in shares of PayPal during the fourth quarter valued at approximately $35,000. Finally, Evermay Wealth Management LLC grew its stake 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 valued at $27,000 after buying an additional 363 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.