PayPal (NASDAQ:PYPL) Shares Down 0.4%

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

Analyst Ratings Changes

PYPL has been the subject of several recent analyst reports. Susquehanna raised their price objective on shares of PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Royal Bank of Canada raised their price target on shares of PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Citigroup decreased their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. BMO Capital Markets upped their price target on PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Finally, Evercore ISI lifted their price objective on PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. Twenty-five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.73.

PayPal Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The company has a fifty day moving average price of $63.93 and a two-hundred day moving average price of $60.72. The company has a market cap of $66.75 billion, a P/E ratio of 16.07, a PEG ratio of 1.18 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last issued 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). The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently modified their holdings of PYPL. Sapient Capital LLC bought a new position in PayPal in the 4th quarter valued at approximately $806,000. Louisiana State Employees Retirement System acquired a new stake in shares of PayPal during the 4th quarter valued at $9,267,000. Bartlett & Co. LLC grew its position in PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after acquiring an additional 740 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in PayPal by 9.5% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after purchasing an additional 73,687 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.