PayPal Holdings Inc had 14 analyst reports since March 17, 2017 according to SRatingsIntel. As a result, shares of PayPal rose by 6.3 percent in after-hours trading, which is no surprise considering the company's stock has risen by 70 percent this year alone.
A number of institutional investors and hedge funds have recently modified their holdings of the business. South State Corp bought a new stake in PayPal Holdings in the 1st quarter worth $366,000. Share performance for the month is now at 3.88%.
Let's have a look at some of the important valuation ratios of the PayPal Holdings, Inc. For the quarter, shares have been noted at -4.45%. Sentry Investment Management LLC boosted its stake in PayPal Holdings by 1.1% during the 2nd quarter. Finally, Clifford Swan Investment Counsel LLC grew its holdings in PayPal Holdings by 2.2% in the 1st quarter. Short interest increased 1,306,358 over that period. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and global copyright & trademark legislation. The original version of this story can be read at https://stocknewstimes.com/2017/10/20/gs-investments-inc-takes-position-in-paypal-holdings-inc-pypl.html. (NASDAQ:PYPL) that has shown a discernible change in trend levels over the path of recent market activity.
Shares of PayPal Holdings (NASDAQ PYPL) opened at 67.25 on Friday. Stephens reaffirmed an overweight rating and issued a $59.00 price objective (up from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th.
On October 18 Citigroup made no change to the stock rating of "Buy" but raised the price target from $43.00 to $77.00.
On October 20 KeyBanc maintained a company rating of "Outperform" and moved up the price target to $80.00 from $70.00. Out of 3 Wall Street analysts rating CalAmp, 0 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold".
Covering sell-side analysts have recently weighed in on shares of PayPal Holdings, Inc. About 596,571 shares traded.
The company declined -0.01% and closed its last trading session at $67.26.
The company now has a P/E ratio of 56.6854 and the market cap is 84.52B. In looking the SMA 50 we see that the stock has seen a 5.59% while it has a distance of -27.31% from the 200 days simple moving average.
PayPal Holdings, Inc. (NASDAQ:PYPL) continues to be a formidable company.
The company is expected to bring home revenue between $3.57 billion and $3.63 billion this quarter. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%.
The company projected revenue of $3.57 billion to $3.63 billion in the current quarter, showing the PayPal is persuading more shoppers to use the platform as a digital wallet and a payment button for online orders. During the same period a year ago, the business earned $0.35 EPS. Adjusted earnings per share of 46 cents were up 31% from past year and beat the average analyst forecast of 43 cents. Following the completion of the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
In related news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 31st. Following the sale, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here.