PayPal (NASDAQ:PYPL) Stock Price Down 0.4%

PayPal Holdings, Inc. (NASDAQ:PYPL) fell 0.4% during trading on Monday . The stock traded as low as $64.95 and last traded at $65.42. 4,076,616 shares traded hands during trading, a decline of 75% from the average session volume of 16,423,137 shares. The stock had previously closed at $65.70.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PYPL shares. UBS Group raised their target price on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Robert W. Baird boosted their target price on PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Tuesday, April 30th. Susquehanna raised their price target on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.73.

PayPal Trading Down 3.2 %

The firm has a market cap of $66.75 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.18 and a beta of 1.41. The company’s 50-day moving average price is $63.93 and its 200-day moving average price is $60.72. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts expect that PayPal Holdings, Inc. will post 4.13 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Norges Bank purchased a new stake in shares of PayPal during the 4th quarter valued at approximately $749,561,000. Nordea Investment Management AB lifted its stake in shares of PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after purchasing an additional 2,616,774 shares during the last quarter. FMR LLC grew its holdings in shares of PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after purchasing an additional 1,575,930 shares during the period. LSV Asset Management increased its position in shares of PayPal by 271.6% during the 3rd quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock worth $89,637,000 after purchasing an additional 1,120,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in PayPal by 125.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after buying an additional 958,130 shares during the period. 68.32% of the stock is 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.