PayPal (NASDAQ:PYPL) Shares Down 4.5% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares dropped 4.5% on Friday . The company traded as low as $83.91 and last traded at $83.95. Approximately 3,070,772 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 6,024,261 shares. The stock had previously closed at $87.94.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Monness Crespi & Hardt raised their price objective on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Robert W. Baird lifted their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler restated a “neutral” rating and issued a $88.00 target price on shares of PayPal in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up from $80.00) on shares of PayPal in a research report on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.65.

PayPal Price Performance

The stock’s fifty day moving average price is $86.64 and its 200-day moving average price is $75.80. 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 has a market cap of $83.57 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 earnings per share. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Trading of PayPal

A number of institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new position in shares of PayPal during the 3rd quarter valued at about $387,435,000. United Advisor Group LLC bought a new position in shares of PayPal in the third quarter valued at approximately $810,000. FCG Investment Co bought a new position in PayPal in the 3rd quarter worth $1,079,000. Equity Investment Corp grew its stake in shares of PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. lifted its position in shares of PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after acquiring an additional 17,003 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.