PayPal Holdings Target of Unusually Large Options Trading (NASDAQ:PYPL)

PayPal Holdings Target of Unusually Large Options Trading (NASDAQ:PYPL)

PayPal Holdings Target of Unusually Large Options Trading (NASDAQ:PYPL)

(NASDAQ:PYPL), with 19 analysts believing it is a strong buy. This research report and rating ought to be used to complement individual research and plans. Vetr cut shares of PayPal Holdings from a "buy" rating to a "hold" rating and set a $56.88 price objective for the company.in a report on Monday. Instinet boosted their target price on shares of PayPal Holdings from $54.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, June 6th. Robert W. Baird restated an outperform rating on shares of PayPal Holdings in a research report on Tuesday, March 7th. Royal Bank Of Canada reissued a "buy" rating and issued a $52.00 price target on shares of PayPal Holdings in a research report on Wednesday, July 5th. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation. The Price to Sales (P/S) ratio of the stock is 5.84, while P/B (Price to Book) stands at 4.48. PayPal Holdings, Inc. Credit Services holds an EPS of 1.17 that demonstrates an EPS growth this year at 15.10%. The company's 50-day moving average price is $52.01 and its 200-day moving average price is $44.86. The company has market cap of $67.71 billion. PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 26th. Wedbush expert M. Katri now predicts that the credit services provider to post earnings of $1.34 for a share for the year, below the prior estimate of $1.36.

Management effectiveness shows return on equity and return on assets for the trailing twelve months at 10.06% and 3.28% respectively. The business had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.94 billion. The company's revenue was up 16.9% compared to the same quarter previous year. Equities analysts anticipate that PayPal Holdings will post $1.78 EPS for the current year.

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ILLEGAL ACTIVITY WARNING: "PayPal Holdings, Inc". 16 told the investors of the company to "Hold" stock. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & worldwide copyright and trademark laws. The correct version of this piece can be viewed at https://www.thestockobserver.com/2017/07/12/hosking-partners-llp-boosts-stake-in-paypal-holdings-inc-pypl-updated-updated.html. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the transaction, the director now owns 12,647 shares of the company's stock, valued at $682,558.59.

In other PayPal Holdings news, Director Gail J. Mcgovern sold 1,800 shares of the business's stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $52.48, for a total value of $70,848.00. Following the transaction, the executive vice president now directly owns 37,491 shares of the company's stock, valued at approximately $1,967,527.68.

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EVP William J. Ready disclosed the sale of 90,000 shares of (PYPL). Insiders have sold 4,501 shares of company stock worth $240,989 over the last quarter.

Other institutional investors have also made changes to their positions in the company. Alkeon Capital Management LLC increased its position in PayPal Holdings by 859.7% in the fourth quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider's stock valued at $3,254,192,000 after buying an additional 2,549,683 shares during the period. Crestwood Advisors Group LLC purchased a new position in PayPal Holdings during the first quarter worth about $106,000. Benjamin F. Edwards & Company Inc. boosted its stake in PayPal Holdings by 236.4% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider's stock valued at $2,585,670,000 after buying an additional 58,026,239 shares during the period. Norges Bank purchased a new stake in PayPal Holdings during the fourth quarter worth about $344,012,000. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider's stock valued at $798,817,000 after buying an additional 663,087 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in PayPal Holdings by 23.8% in the fourth quarter.

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Britto joins PayPal from Boku Inc., a company he founded that allows consumers to acquire goods and services using mobile phones and pay for their products alongside their bill from their mobile services provider, the Wall Street Journal noted.

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