PayPal (NASDAQ:PYPL) Stock Price Down 1.8% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded down 1.8% during trading on Monday . The company traded as low as $59.74 and last traded at $59.92. 1,636,718 shares were traded during mid-day trading, a decline of 86% from the average session volume of 11,988,978 shares. The stock had previously closed at $61.00.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their price objective on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. Bank of America dropped their target price on PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Seaport Res Ptn downgraded shares of PayPal from a “hold” rating to a “strong sell” rating in a research report on Thursday. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $86.84.

PayPal Stock Down 2.1 %

The stock has a market capitalization of $59.07 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. 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 50-day moving average is $68.22 and its two-hundred day moving average is $79.19.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping 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 business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the firm posted $1.48 EPS. The business’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 EPS for the current year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’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 transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PYPL. Johnson Investment Counsel Inc. increased its holdings in PayPal by 66.8% in the 1st quarter. Johnson Investment Counsel Inc. now owns 9,695 shares of the credit services provider’s stock valued at $633,000 after purchasing an additional 3,882 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in PayPal by 1.5% during the 1st quarter. State of Alaska Department of Revenue now owns 115,967 shares of the credit services provider’s stock valued at $7,566,000 after acquiring an additional 1,680 shares during the period. CWA Asset Management Group LLC increased its stake in PayPal by 13.3% during the first quarter. CWA Asset Management Group LLC now owns 6,803 shares of the credit services provider’s stock worth $444,000 after purchasing an additional 797 shares during the period. Kingswood Wealth Advisors LLC lifted its position in shares of PayPal by 50.5% during the first quarter. Kingswood Wealth Advisors LLC now owns 11,861 shares of the credit services provider’s stock worth $781,000 after purchasing an additional 3,980 shares in the last quarter. Finally, Roman Butler Fullerton & Co. grew its holdings in shares of PayPal by 2.3% in the first quarter. Roman Butler Fullerton & Co. now owns 9,654 shares of the credit services provider’s stock valued at $599,000 after purchasing an additional 216 shares in the last quarter. 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.