PayPal (NASDAQ:PYPL) Trading Down 0% – Here’s Why

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded down 0% on Thursday . The company traded as low as $86.79 and last traded at $87.94. 7,397,532 shares were traded during mid-day trading, an increase of 10% from the average session volume of 6,732,175 shares. The stock had previously closed at $87.97.

Wall Street Analyst Weigh In

PYPL has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. UBS Group upped their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Wells Fargo & Company lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.65.

PayPal Stock Performance

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average price is $86.64 and its 200 day moving average price is $75.68. The company has a market cap of $83.57 billion, a P/E ratio of 19.89, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Choreo LLC grew its position in PayPal by 284.4% in the 2nd quarter. Choreo LLC now owns 21,128 shares of the credit services provider’s stock worth $1,222,000 after purchasing an additional 15,631 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in PayPal by 2.2% in the 2nd quarter. Coldstream Capital Management Inc. now owns 12,229 shares of the credit services provider’s stock valued at $710,000 after acquiring an additional 259 shares in the last quarter. Equity Investment Corp lifted its position in shares of PayPal by 24.4% in the 2nd quarter. Equity Investment Corp now owns 1,930,801 shares of the credit services provider’s stock worth $112,044,000 after acquiring an additional 378,668 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of PayPal by 3.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 584,727 shares of the credit services provider’s stock worth $34,312,000 after purchasing an additional 17,231 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in shares of PayPal by 44.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 12,120 shares of the credit services provider’s stock worth $703,000 after purchasing an additional 3,715 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

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.