Economy

Baird Increases PayPal (NASDAQ:PYPL) Price Target to $85.00

Baird Increases PayPal (NASDAQ:PYPL) Price Target to $85.00

Following previous thoughts, shifting focus on performance of the PayPal Holdings, Inc.

The most recent open market insider trade was Sell of 170,000 shares on a day where the closing price was 58.18. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider's stock worth $292,000 after purchasing an additional 86 shares during the period. PayPal accounts for about 3.9% of American Trust Investment Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider's stock valued at $798,817,000 after acquiring an additional 663,087 shares during the last quarter.

Other institutional investors also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Paypal Holdings by 28.2% in the first quarter.

PayPal Holdings, Inc. (PYPL)'s distance from 200 day simple moving average is 41.59 percent, its distance from 50 day simple moving average is 13.56 percent, while its distance from 20 day simple moving average is 5.92 percent. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider's stock worth $3,254,192,000 after buying an additional 2,549,683 shares during the period. Sigma Planning Corp now owns 16,819 shares of the credit services provider's stock worth $903,000 after purchasing an additional 74 shares during the period. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Finally, Calamos Wealth Management LLC lifted its holdings in shares of PayPal by 0.3% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider's stock valued at $754,131,000 after acquiring an additional 889,976 shares during the last quarter. Following the transaction, the executive vice president now directly owns 39,405 shares in the company, valued at $1,675,500.60.

PayPal (NASDAQ PYPL) traded down $0.73 during mid-day trading on Friday, hitting $77.84. The firm has a market cap of $94,434.07, a price-to-earnings ratio of 56.12, a P/E/G ratio of 3.22 and a beta of 1.03. PayPal has a fifty-two week low of $38.06 and a fifty-two week high of $79.39. (NASDAQ:PYPL) has gone stronger by 93.34%.

The company reported its last earnings Actual EPS of $0.46/share. PayPal had a net margin of 12.69% and a return on equity of 11.33%.

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The High Revenue estimate is predicted as 3.73 Million, while the Low Revenue Estimate prediction stands at 3.56 Million. The Weekly and Monthly Volatility stands at 2.04% and 1.87%.

A number of research firms have weighed in on PYPL.

Analysts have given a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). PayPal Holdings, Inc. (NASDAQ:PYPL)'s short interest is 20.55 million shares, or 1.81% of the float. PayPal Holdings, Inc. (PYPL) now has 1.2 million shares outstanding, which means that its market capitalization is $93.23B. Cowen reissued a market perform rating and issued a $52.00 price target (up previously from $48.00) on shares of PayPal in a research report on Thursday, July 27th. Barclays PLC reaffirmed a "buy" rating on shares of PayPal in a research note on Tuesday, November 21st. A 34 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of PYPL or, if they already own its stock, sell it. The stock has a consensus rating of Buy and a consensus target price of $73.11.

COPYRIGHT VIOLATION NOTICE: This story was published by StockNewsTimes and is the sole property of of StockNewsTimes. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2017/11/28/american-trust-investment-advisors-llc-lowers-holdings-in-paypal-holdings-inc-pypl.html. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

A number of institutional investors and hedge funds have recently modified their holdings of the business.


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