PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares were down 0.8% on Thursday . The stock traded as low as $89.77 and last traded at $90.06. Approximately 1,413,129 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 13,060,469 shares. The stock had previously closed at $90.75.
Several research analysts have weighed in on PYPL shares. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Phillip Securities restated an "accumulate" rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. StockNews.com downgraded PayPal from a "buy" rating to a "hold" rating in a report on Friday, December 6th. Finally, Sanford C. Bernstein downgraded PayPal from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Sixteen research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and a consensus price target of $86.07.
Read Our Latest Stock Analysis on PYPL
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 $90.72 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 1.64 and a beta of 1.44. The business's 50-day moving average price is $83.40 and its two-hundred day moving average price is $71.90.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter last year, the company earned $0.97 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new position in PayPal in the third quarter worth $387,435,000. United Advisor Group LLC acquired a new position in PayPal in the third quarter worth $810,000. FCG Investment Co acquired a new position in PayPal in the third quarter worth $1,079,000. Equity Investment Corp boosted its holdings in 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 purchasing an additional 67,497 shares during the period. Finally, Weil Company Inc. boosted its holdings in PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider's stock worth $3,253,000 after purchasing an additional 17,003 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.
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.
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