PayPal (NASDAQ:PYPL) Stock Price Down 1% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price dropped 1% on Tuesday . The stock traded as low as $87.97 and last traded at $88.60. Approximately 1,472,041 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 5,361,537 shares. The stock had previously closed at $89.53.

Analysts Set New Price Targets

PYPL has been the subject of several recent research reports. Piper Sandler restated a “neutral” rating and set a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. Mizuho upped their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Oppenheimer started coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Wells Fargo & Company upped their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird lifted their price objective on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Stock 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 business has a 50-day moving average of $86.34 and a 200-day moving average of $75.43. The company has a market capitalization of $88.16 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the company earned $0.97 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Institutional Trading of PayPal

A number of large investors have recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the 3rd quarter valued at about $26,000. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Financial Management Professionals Inc. grew its stake in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new stake in PayPal during the 3rd quarter valued at $36,000. 68.32% of the stock is 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.