PayPal (NASDAQ:PYPL) Shares Down 0% – Should You Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) dropped 0% on Thursday . The stock traded as low as $87.26 and last traded at $88.24. 882,702 shares were traded during mid-day trading, a decline of 93% from the average session volume of 12,916,177 shares. The stock had previously closed at $88.25.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Piper Sandler reaffirmed a “neutral” rating and set a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The firm’s 50-day moving average is $85.10 and its two-hundred day moving average is $73.65. The company has a market cap of $88.64 billion, a P/E ratio of 21.10, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the company earned $0.97 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently bought and sold shares of PYPL. HB Wealth Management LLC increased its stake in PayPal by 27.1% in the second quarter. HB Wealth Management LLC now owns 16,086 shares of the credit services provider’s stock worth $933,000 after purchasing an additional 3,432 shares during the period. Ameritas Advisory Services LLC lifted its holdings in PayPal by 2.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 36,596 shares of the credit services provider’s stock valued at $2,124,000 after buying an additional 816 shares in the last quarter. Panagora Asset Management Inc. boosted its position in PayPal by 11.5% in the 2nd quarter. Panagora Asset Management Inc. now owns 503,007 shares of the credit services provider’s stock valued at $29,189,000 after buying an additional 51,843 shares during the period. Nations Financial Group Inc. IA ADV bought a new position in PayPal in the 2nd quarter worth about $940,000. Finally, Modera Wealth Management LLC increased its position in shares of PayPal by 1.9% during the second quarter. Modera Wealth Management LLC now owns 89,290 shares of the credit services provider’s stock worth $5,181,000 after acquiring an additional 1,641 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.