PayPal (NASDAQ:PYPL) Stock Price Down 9.1% - Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price fell 9.1% during trading on Thursday . The company traded as low as $60.95 and last traded at $61.03. 6,896,617 shares traded hands during trading, a decline of 38% from the average session volume of 11,196,747 shares. The stock had previously closed at $67.15.

Analysts Set New Price Targets

A number of research firms recently commented on PYPL. Keefe, Bruyette & Woods reduced their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Barclays boosted their price target on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research note on Tuesday, December 17th. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. Wells Fargo & Company reiterated an "equal weight" rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned 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 an average price target of $88.32.

PayPal Stock Performance

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 stock has a market capitalization of $60.76 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.27 and a beta of 1.60. The stock's 50 day moving average is $71.77 and its 200 day moving average is $80.20.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating 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 company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The firm's revenue was up 4.2% on a year-over-year basis. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company's stock, 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 link. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On PayPal

A number of large investors have recently made changes to their positions in the company. NBC Securities Inc. lifted its position in shares of PayPal by 99,209.1% in the first quarter. NBC Securities Inc. now owns 10,924 shares of the credit services provider's stock worth $712,000 after buying an additional 10,913 shares during the last quarter. Fiduciary Alliance LLC lifted its position in PayPal by 20.8% in the first quarter. Fiduciary Alliance LLC now owns 117,569 shares of the credit services provider's stock worth $7,671,000 after purchasing an additional 20,239 shares during the period. Baker Tilly Wealth Management LLC increased its stake in PayPal by 7.4% in the first quarter. Baker Tilly Wealth Management LLC now owns 5,300 shares of the credit services provider's stock valued at $346,000 after acquiring an additional 364 shares during the period. Iowa State Bank raised its holdings in shares of PayPal by 6.9% in the 1st quarter. Iowa State Bank now owns 31,664 shares of the credit services provider's stock worth $2,066,000 after buying an additional 2,052 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of PayPal by 4.5% during the first quarter. Czech National Bank now owns 227,213 shares of the credit services provider's stock valued at $14,826,000 after acquiring an additional 9,842 shares during the period. Institutional investors and hedge funds 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.