Paypal Holdings Inc (NASDAQ:PYPL) Stock Rating Upgraded by Vetr Inc

Joanna Estrada
August 14, 2017

PayPal Holdings (PYPL) transacted up 0.03% throughout intraday market trading on early Monday, topping $58.04. the share had a trading volume of 6,962,121 Stocks. the share has a 50 Day SMA of $56.89 and a two hundred SMA of $48.35. Paypal Holdings has a 12 month low of $36.30 and a 12 month high of $61.30.

Magellan Asset Management Ltd says it decreased its investment in PayPal Holdings, 0.3% in a 13F filing with the SEC. The correct version of this piece can be read at Its stake stood at $1,244,150,000 an increase of 24.4% according to the filing. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider's stock valued at $332,000 after buying an additional 75 shares during the period. (NASDAQ:PYPL) during the second quarter, Holdings Channel reports. On July 27 Barclays maintained a company rating of "Outperform" but raised the price target from $47.00 to $65.00. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion.

The following firms have also recently changed their position in PYPL. Inc. boosted its position in PayPal Holdings by 36.7% in the first quarter.

PayPal Holdings disclosed that its Board of Directors has approved a share buyback plan on early Wed, Apr 26th that permits The corporation to repurchase $5.00 B in Stocks. West Oak Capital LLC now owns 2,850 shares of the credit services provider's stock valued at $123,000 after buying an additional 550 shares during the period.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th.

Paypal Holdings Inc (NASDAQ:PYPL) was the recipient of a large drop in short interest in July. Piper Jaffray Companies restated an "underweight" rating and set a $41.00 price objective on shares of Paypal Holdings in a research note on Friday, April 14th. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. As of the end of the quarter Mark Sheptoff Financial Planning, LLC had disposed of a total of 1 shares trimming its holdings by 0.0%. 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 last quarter.

Covering sell-side analysts have recently weighed in on shares of PayPal Holdings, Inc. During the same period a year ago, the company earned $0.36 earnings per share. Crestwood Advisors Group LLC acquired a new position in PayPal Holdings during the first quarter worth approximately $106,000.

Market Capitalization can be thought of as the overall price to buy the company. Cullinan Associates Inc. now owns 114,200 shares of the credit services provider's stock worth $4,913,000 after buying an additional 23,500 shares during the period. Sheets Smith Wealth Management raised its position in shares of Paypal Holdings by 1.0% in the first quarter. This buyback authorization allows the credit services provider to repurchase up to 9.3% of its stock through open market purchases. Nonetheless, PayPal remains a major partner of online retailers the world over, and, as such, a number of the top investors and financial institutions continue to hold significant stakes in the company. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

WARNING: This article was published by Week Herald and is the property of of Week Herald. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. If you are reading this story on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright law. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181.

Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be primed for a trend reversal or corrective pullback in price. The transaction related to this sale was declared in a document with the SEC Also, Executive Vice President Gary J. Marino unloaded 1,351 stocks of the shares in a trade on early Tue, Aug 1st.

On July 19 the stock rating was downgraded to "Hold" from "Buy" in a statement from SunTrust Robinson Humphrey. The stock was unloaded at a price range of of $59.00, amounting to $79,709.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 95,852 shares of company stock worth $5,653,198. It operates a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. The Business's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Other reports by Click Lancashire

Discuss This Article