Analysts are turning out to be more optimistic than before, with 33 of analysts who cover PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.3% in the third quarter, according to its most recent Form 13F filing with the SEC. PayPal Holdings accounts for about 1.6% of WASHINGTON TRUST Co's holdings, making the stock its 19th biggest position.
A number of other hedge funds have also made changes to their positions in PYPL. Westside Investment Management Inc. lifted its stake in shares of PayPal Holdings by 0.4% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider's stock valued at $451,000 after purchasing an additional 52 shares during the last quarter. As of quarter end Concourse Capital Management, LLC had bought 1,420 shares growing its holdings by 1.1%. Sigma Planning Corp now owns 16,819 shares of the credit services provider's stock worth $903,000 after acquiring an additional 74 shares during the last quarter. National Pension Service increased its stake in Paypal Holdings by 3.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider's stock worth $187,000 after purchasing an additional 38 shares during the period. Apriem Advisors lifted its stake in shares of PayPal Holdings by 0.6% in the 2nd quarter. Ltd now owns 2,863 shares of the credit services provider's stock valued at $154,000 after purchasing an additional 1,808 shares during the last quarter.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 20th. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider's stock valued at $292,000 after purchasing an additional 86 shares during the last quarter.
The company now has an insider ownership of 0.1 Percent and Institutional ownership of 85.7 Percent. (PYPL) was a Moderate Buy - from a survey of 32 analysts.
22nd Century Group, Inc. Finally, Sanford C. Bernstein reissued an outperform rating and issued a $66.00 price objective on shares of PayPal Holdings in a research note on Wednesday, September 27th. At the moment, the average analyst rating for PYPL is Moderate Buy. Wedbush reaffirmed an "outperform" rating and issued a $54.00 target price (up previously from $50.00) on shares of Paypal Holdings in a research report on Saturday, October 22nd. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold".
On October 20 Robert W. Baird held the company rating at "Buy" with a current price target of $80.00. Mizuho lifted their target price on Paypal Holdings from $46.00 to $48.00 and gave the company a "buy" rating in a research report on Sunday, October 23rd.
WARNING: This piece of content was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & worldwide copyright and trademark laws. (NASDAQ:PYPL) traded up $0.04 during trading hours on Tuesday, reaching $74.03. The company's stock had a trading volume of 3,642,361 shares, compared to its average volume of 7,608,000. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $44.52.
The market capitalization of PayPal Holdings, Inc.is at $89.06 Billion. As of the latest earnings report the EPS was $1.28 with 1.20B shares outstanding. The average revenue per share growth rate of PayPal Holdings, Inc. during the past 12 months was 18.7 percent.
37 analysts on average are expecting the company to report revenue of $3.62 Billion for the current quarter. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. During the same quarter in the prior year, the firm posted $0.35 earnings per share. sell-side analysts predict that PayPal Holdings, Inc. will post 1.37 earnings per share for the current year.
PayPal Holdings, Inc.is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants.