PayPal (NASDAQ:PYPL) Shares Down 3.6% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report)’s stock price traded down 3.6% during trading on Friday . The company traded as low as $43.55 and last traded at $43.59. 17,400,094 shares changed hands during trading, a decline of 29% from the average session volume of 24,433,576 shares. The stock had previously closed at $45.20.

More PayPal News

Here are the key news stories impacting PayPal this week:

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on PYPL shares. TD Cowen reaffirmed a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. Citizens Jmp reiterated a “market perform” rating on shares of PayPal in a report on Wednesday, February 4th. Wall Street Zen cut PayPal from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 3rd. Finally, Susquehanna reduced their target price on PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty have given a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.43.

Get Our Latest Stock Analysis on PayPal

PayPal Price Performance

The stock’s 50 day simple moving average is $46.56 and its 200-day simple moving average is $58.28. The firm has a market cap of $40.13 billion, a price-to-earnings ratio of 8.06, a price-to-earnings-growth ratio of 1.34 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.06). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PayPal’s payout ratio is currently 10.35%.

Insider Buying and Selling at PayPal

In other news, insider Suzan Kereere sold 13,515 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $621,960.30. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. This represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Chris Natali sold 2,208 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the transaction, the chief accounting officer owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 87,608 shares of company stock worth $3,831,535. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently bought and sold shares of PYPL. Bard Associates Inc. purchased a new position in shares of PayPal during the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its position in PayPal by 15,233.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 457 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in PayPal in the fourth quarter valued at $28,000. Cloud Capital Management LLC acquired a new stake in PayPal during the 3rd quarter worth about $30,000. Finally, Kelleher Financial Advisors acquired a new stake in PayPal during the 3rd quarter worth about $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

About PayPal

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.