PayPal (NASDAQ:PYPL) Stock Price Down 2.8% Following Analyst Downgrade

PayPal Holdings, Inc. (NASDAQ:PYPL) dropped 2.8% during trading on Wednesday after Sanford C. Bernstein lowered their price target on the stock from $85.00 to $76.00. The company traded as low as $67.91 and last traded at $68.07. Approximately 8,140,847 shares changed hands during trading, a decline of 30% from the average daily volume of 11,582,990 shares. The stock had previously closed at $70.05.

Several other research analysts also recently issued reports on the company. JMP Securities reduced their price objective on PayPal from $110.00 to $100.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 30th. Wells Fargo & Company began coverage on PayPal in a research note on Tuesday. They set an “equal weight” rating and a $74.00 price objective for the company. Piper Sandler set a $74.00 price objective on PayPal in a research note on Tuesday, July 29th. Barclays reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $75.00 price objective on PayPal in a research note on Tuesday, July 29th. Fifteen investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.57.

Insider Buying and Selling at PayPal

In other PayPal news, CAO Chris Natali sold 7,102 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $69.35, for a total value of $492,523.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total value of $288,801.18. Following the completion of the transaction, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. The trade was a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,102 shares of company stock valued at $1,046,607. Company insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On PayPal

A number of large investors have recently added to or reduced their stakes in PYPL. Brighton Jones LLC increased its holdings in PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after purchasing an additional 924 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in PayPal during the 4th quarter worth about $248,000. Oppenheimer Asset Management Inc. increased its holdings in PayPal by 3.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 108,119 shares of the credit services provider’s stock worth $7,055,000 after purchasing an additional 3,407 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in PayPal by 14.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 435,276 shares of the credit services provider’s stock worth $28,402,000 after purchasing an additional 53,886 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC increased its holdings in PayPal by 25.7% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 5,031 shares of the credit services provider’s stock worth $328,000 after purchasing an additional 1,028 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

The stock has a fifty day simple moving average of $68.92 and a 200-day simple moving average of $69.59. The stock has a market cap of $65.03 billion, a P/E ratio of 14.54, a PEG ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion during the quarter, compared to analysts’ expectations of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter last year, the company earned $1.19 EPS. PayPal has set its Q3 2025 guidance at 1.180-1.220 EPS. FY 2025 guidance at 5.150-5.300 EPS. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Company Profile

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.