PayPal Holdings, Inc. (PYPL) - Barclays Maintains Rating And Raises Price Target

Angelica Greene
October 21, 2017

The P/E ratio is now 57.70 and the market value is 86.03B. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. RWC Asset Management LLP grew its holdings in PayPal Holdings by 67.9% in the 1st quarter. PayPal Holdings Inc had 128 analyst reports since July 23, 2015 according to SRatingsIntel. Archford Capital Strategies LLC increased its stake in shares of PayPal Holdings by 65.4% during the 1st quarter. LLC boosted its stake in PayPal Holdings by 71.6% during the 2nd quarter.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, October 18th. That was faster than analysts expected-they forecast a 19% jump on average-and represented an acceleration from the 18% growth rate reported in the third quarter of 2016. Ltd increased its stake in shares of PayPal Holdings by 171.4% during the 2nd quarter. Company insiders own 6.00% of the company's stock.

On October 20 BTIG Research kept the company rating at "Market Perform" but moved up the price target to $70.00 from $48.00. Current market cap is $81.10B and the stock has an EPS of $1.24. The stock closing price is now trading upward to its 50 day moving average with change of 7.09%, escalated to its 20 day moving average with figure of 2.63% and above its 200 day moving average with value 30.75%. Approximately 35% of payment volume came through a mobile device and mobile payment volume increased 54% over the same period a year ago to approximately $40 billion. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Sentry Investment Management LLC now owns 89,297 shares of the credit services provider's stock valued at $4,793,000 after purchasing an additional 977 shares during the last quarter. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Out of 3 Wall Street analysts rating CalAmp, 0 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold". Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider's stock worth $139,000 after purchasing an additional 1,281 shares during the last quarter. Following the sale, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88.

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San Jose, California-based PayPal has been expanding its services to gain advantage over rivals in the digital payments market, particularly in person-to-person payments, where competition has intensified. The disclosure for this sale can be found here. At the time of writing, the First Call consensus price target for the company is $64.05.

One area that did see a notable rise over past year was PayPal's operating cash flow, having come in at $1.006 billion with a free cash flow of $841 million in Q3 2017.

Paypal Holdings Inc shares rose almost 4% in after-hours trading Thursday following the report. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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