Short traders are feeling a little more bearish on PayPal Holdings, Inc. recently if you evaluate the change in short interest.
Institutional investors have also been busy with the stock. SevenBridge Financial Group LLC bought a new stake in shares of Paypal Holdings during the second quarter valued at about $120,000. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider's stock valued at $4,173,311,000 after buying an additional 2,115,017 shares during the last quarter. Barclays Capital maintained Paypal Holdings Inc (NASDAQ:PYPL) on Wednesday, October 11 with "Overweight" rating. Mycio Wealth Partners LLC now owns 3,494 shares of the company's stock valued at $128,000 after buying an additional 909 shares during the period. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider's stock valued at $139,000 after acquiring an additional 1,281 shares in the last quarter. Paypal Holdings Inc (NASDAQ:PYPL) has risen 31.18% since November 1, 2016 and is uptrending. Balentine LLC now owns 3,494 shares of the credit services provider's stock valued at $150,000 after acquiring an additional 780 shares in the last quarter. Following the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. TheStreet upgraded shares of PayPal Holdings from a c rating to a b- rating in a research note on Monday, July 3rd.
PayPal Holdings (PYPL) traded down 0.779% on Friday, hitting $71.995. The NASDAQ listed company saw a recent bid of 72.33 and 4480000 shares have traded hands in the session. The firm has a market capitalization of $46.19 billion, a PE ratio of 35.53 and a beta of 1.10.
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Moving averages can help spot trends and price reversals. Equities research analysts expect that Paypal Holdings will post $1.50 EPS for the current fiscal year. Next quarter's EPS is estimated at $0.54 and the next full year EPS is projected to be $2.25. That value represents a market adjusting for revenues that have been growing by 21.45 % on a quarterly year/year basis as of the company's last quarterly report. Whereas, in last 21 trading days (one month) was moved up 13.06% and isolated positively in last 63 trading days (quarter) of 22.73%. During the same period in the prior year, the company posted $0.32 EPS. Paypal Holdings now has a consensus rating of Hold and an average price target of $44.26. (NASDAQ:PYPL) in a research report released on Wednesday. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & global trademark and copyright legislation. The correct version of this story can be read at https://weekherald.com/2017/10/24/paypal-holdings-inc-pypl-expected-to-earn-q3-2018-earnings-of-0-54-per-share.html. The disposition, at a price of $68.66, resulted in William Ready bringing total 72906 shares.
The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 37.96%, and has a solid year to date (YTD) performance of 83.84% which means that the stock is constantly adding to its value from the previous fiscal year end price. (PYPL) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. October 20 investment analysts at BTIG Research left the company rating at "Market Perform" but raised the price expectation from $48.00 to $70.00. Zacks Investment Research upgraded PayPal Holdings from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a report on Thursday, October 26th. Piper Jaffray Companies reiterated a "hold" rating and set a $69.00 target price on shares of PayPal Holdings in a report on Sunday, October 22nd. Nine analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. SunTrust Banks, Inc. now has a $75.00 target price on the credit services provider's stock.
PayPal Holdings, Inc., launched on January 30, 2015, is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants.