13 August, 2017
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.
Investment firms and many large funds have quite recently modified to their stake in the share. Clean Yield Group acquired a new stake in PayPal Holdings during the first quarter valued at about $127,000. The firm presently has a $60.76 price objective on the credit services provider's stock. Fox Run Management L.L.C. increased its position in Paypal Holdings by 10.0% in the first quarter. Inc. now owns 2,415 shares of the credit services provider's stock worth $104,000 after buying an additional 649 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in Paypal Holdings by 4.3% in the first quarter. Stelac Advisory Services LLC bought a new position in shares of Paypal Holdings during the first quarter worth about $119,000. Creative Planning raised its stake in Paypal Holdings by 2.7% in the first quarter. Wellington Management Group LLP has an ownership of 14,813,195 stocks of the credit services provider's shares valued at $637,263,000 after scooping up an extra 1,982,305 stocks in the previous period. large institution funds own 81.31% of the firms stock.
PayPal Holdings (NASDAQ:PYPL) previously released its earnings report on early Wed, Jul 26th. (PYPL) traded up 0.07% during mid-day trading on Friday, reaching $58.06. (PYPL) has the trading volume of 9.55 Million shares with the average trading volume of 6670 shares. Company shares last traded at $58.02 which is marginally over $56.89, the stock's 50 day moving average and which is well above the 200 day moving average of $48.35. PayPal Holdings, Inc. has a 1-year low of $36.30 and a 1-year high of $61.30. As of the latest earnings report the EPS was $1.24 and is projected to be $1.84 for the current year with 1,202,396,000 shares now outstanding. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter past year, the business posted $0.36 earnings per share. The business's quarterly revenue was up 18.3% on a year-over-year basis. Equities analysts expect that PayPal Holdings, Inc. will post $1.84 EPS for the current year.
Paypal Holdings declared that its board has authorized a share buyback program on Wednesday, April 26th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 9.3% of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
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July 27 investment analysts at Raymond James kept the stock rating at "Outperform" and moved up the price target from $45.00 to $65.00. Finally, Royal Bank Of Canada restated a buy rating and set a $52.00 target price on shares of Paypal Holdings in a report on Wednesday, July 5th.
On July 10 the stock rating was upgraded from "Market Perform" to "Outperform" by Bernstein. Finally, Citigroup Inc. restated a "buy" rating and issued a $62.00 price objective (up from $52.00) on shares of Paypal Holdings in a report on Friday, June 9th.
On July 19 the company was set at "Hold" by SunTrust Robinson Humphrey which is down from the previous "Buy" rating. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.65 average brokerage recommendation. Also, EVP Gary J. Marino sold 1,351 shares of the firm's stock in a transaction that occurred on Monday, July 3rd. UBS AG reiterated a "neutral" recommendation and given a $48.00 price objective (up from $44.00) on stocks of PayPal Holdings in a note on Fri, Apr 28th. First Manhattan Co now owns 2,210,677 shares with a value of $118,647,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the transaction, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders sold a total of 95,852 shares of company stock valued at $5,653,198 over the last three months. Company insiders own 6.00% of the company's stock.
Vanguard Group Inc owns $4.51 billion in PayPal Holdings, Inc., which represents roughly 6.52% of the company's market cap and approximately 7.68% of the institutional ownership.