The Paypal Holdings Inc (PYPL) Shares Bought by Cowen Inc

James Marshall
March 19, 2018

BlackRock Inc. boosted its holdings in shares of Paypal by 6.6% during the fourth quarter.

Analysts await PayPal Holdings, Inc. Deutsche Bank maintained PayPal Holdings, Inc. Xact Kapitalforvaltning AB boosted its stake in Paypal by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 12,165,443 shares of the credit services provider's stock worth $893,768,000 after purchasing an additional 629,582 shares during the period. Cetera Advisors LLC now owns 5,449 shares of the credit services provider's stock worth $346,000 after purchasing an additional 682 shares during the period. Finally, Grassi Investment Management boosted its position in shares of Paypal by 54.5% during the 4th quarter.

Paypal stock opened at $82.16 on Monday. PayPal Holdings Inc has $95.0 highest and $31 lowest target. If the $84.98 price target is reached, the company will be worth $5.77B more.

The firm has just set a PT of $85.0 on Paypal Holdings (NASDAQ:PYPL) shares. After $0.40 actual EPS reported by PayPal Holdings, Inc. for the previous quarter, Wall Street now forecasts 2.50 % EPS growth.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion.

For the current quarter, 40 analysts are projecting a mean EPS of $0.54/share. Investors who are keeping close eye on the stock of PayPal Holdings, Inc.

In other news, EVP Aaron Karczmer sold 5,674 shares of the firm's stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $80.66, for a total transaction of $2,097,160.00. Following the sale, the insider now owns 268,189 shares of the company's stock, valued at $21,632,124.74. The stock was sold at an average price of $77.84, for a total transaction of $729,127.28. The disclosure for this sale can be found here. Its share price has decline -9.20% in three months and is up 2.32% for the last five trades. (NASDAQ:PYPL) has an average volume of 9.42 Million. Nomura upgraded it to "Buy" rating and $82.0 target in Wednesday, December 13 report. Canaccord Genuity maintained the stock with "Hold" rating in Thursday, October 19 report. The stock has "Buy" rating by Robert W. Baird on Thursday, February 1. The stock has "Neutral" rating by Sterne Agee CRT on Thursday, March 24. RBC Capital Markets has "Outperform" rating and $46 target. Nine equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. Paypal now has an average rating of "Buy" and an average target price of $77.33.

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PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products.

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