(NASDAQ:PYPL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The share price has already crossed its 20 days moving average, floating at a distance of 6.93% and sits 11.19% higher versus its 50 days moving average. The first sale was made at $68.02 but later the stock became weaker, and closed with a gain of 1.59%. RBC Capital Markets maintained Paypal Holdings Inc (NASDAQ:PYPL) rating on Thursday, January 28.
Investors are always on the look for the next great stock to own. Archford Capital Strategies LLC boosted its holdings in PayPal Holdings by 65.4% in the 1st quarter. Norinchukin Bank The now owns 130,503 shares of the credit services provider’s stock worth $5,614,000 after buying an additional 5,462 shares during the period. The stock’s quarterly performance indicates a positive momentum of 20.47 percent, whereas its last one month trend is optimistic with 10.99 percent. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares during the period. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. GAM Holding AG lifted its stake in shares of PayPal Holdings by 14.3% during the 2nd quarter. After the latest check-in, shares are -0.81% off of the 50 day high and 18.83% away from the 50 day low number. Credit Suisse Group reissued an “outperform” rating and issued a $70.00 price target (up from $63.00) on shares of PayPal Holdings in a report on Tuesday. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a report on Thursday, August 10th. Goldman Sachs Group, Inc. Morgan Stanley raised shares of PayPal Holdings from an “equal weight” rating to an “overweight” rating in a report on Wednesday.
Analysts have given a mean recommendation of 2.00 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). PayPal Holdings presently has an average rating of “Buy” and an average price target of $63.59. However, the institutional investors are observed to own 85.10% of the total shares.
Yesterday PayPal (NASDAQ:PYPL) traded -0.54% lower at $68.86.
PayPal Holdings, Inc. (NYSE:PYPL)’s EPS growth this year is 15.10% and the trailing 12-month EPS is $1.24. The company’s market cap is $80.52 Billion. (NYSE:PYPL)’s stock has been 61.83% and 74.20% for the last 12 months. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. The Return on Equity (ROE) value stands at 10.3%. The firm’s quarterly revenue was up 18.3% compared to the same quarter previous year.
Among 53 analysts covering PayPal Holdings Inc (NASDAQ:PYPL), 37 have Buy rating, 2 Sell and 14 Hold. The shares were sold at an average price of $59.00, for a total value of $79,709.00. The firm has “Buy” rating by Nomura given on Thursday, July 27. BB&T Securities LLC now owns 170,765 shares of the credit services provider’s stock worth $9,164,000 after purchasing an additional 33,268 shares during the period. When looking at the past five sessions, the stock returned 4.62% gains and is up by 35.72% compared with its 200-day moving average of $64.21.
WARNING: This piece was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another domain, it was illegally copied and reposted in violation of US and worldwide copyright and trademark law. The legal version of this report can be read at https://weekherald.com/2017/10/13/paypal-holdings-inc-pypl-position-trimmed-by-peapack-gladstone-financial-corp.html.
