PayPal (NASDAQ:PYPL) Stock Price Down 1.7% – Here’s What Happened

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price fell 1.7% during trading on Wednesday . The company traded as low as $72.87 and last traded at $72.82. 3,613,061 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 11,541,108 shares. The stock had previously closed at $74.07.

Wall Street Analyst Weigh In

PYPL has been the subject of several analyst reports. Macquarie upped their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a report on Wednesday, February 5th. Barclays raised their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.55.

PayPal Trading Down 1.7 %

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average is $84.52 and its two-hundred day moving average is $81.02. The firm has a market cap of $72.02 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $25,000. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Hurley Capital LLC bought a new position in PayPal in the fourth quarter valued at $27,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.