Credit Suisse Maintains a Buy Rating on Paypal Holdings

Credit Suisse Maintains a Buy Rating on Paypal Holdings

Credit Suisse Maintains a Buy Rating on Paypal Holdings

Recent session action on shares of PayPal Holdings, Inc. In looking the SMA 50 we see that the stock has seen a 5.59% while it has a distance of -27.31% from the 200 days simple moving average.

On Thursday night, the company reported that revenue increased 21% to $3.2 billion in the third quarter. The company's revenue was up 21.4% compared to the same quarter previous year.

Analysts have a mean recommendation of 1.90 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).

In related news, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction dated Thursday, August 10th.

Institutional owners hold 85.10% stake while Insiders ownership held at 0.10% in the company.

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Other equities research analysts also recently issued reports about the stock. Moreover, Alphaone Investment Services Llc has 1.63% invested in the company for 297,821 shares. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & worldwide trademark and copyright law. Oppenheimer Holdings, Inc. raised their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, July 27th. As a result, shares of PayPal rose by 6.3 percent in after-hours trading, which is no surprise considering the company's stock has risen by 70 percent this year alone. Finally, Atlantic Trust LLC boosted its stake in PayPal Holdings by 1,140.8% during the 2nd quarter. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $71.73. Over the last three months, the shares of the company have changed 14.62% and performed 53.50% over the last six months. Tiedemann Wealth Management LLC grew its holdings in PayPal Holdings by 39.2% in the 1st quarter. The company has market cap of $80.86 billion. The original version of this story can be read at

Excluding items, the company earned 46 cents per share, beating the average analyst estimate of 43 cents, according to Thomson Reuters I/B/E/S. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. During the same period past year, the business earned $0.35 EPS. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. First Analysis has "Equal-Weight" rating and $16.0 target. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,351 shares of company stock worth $15,302,809.

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.

PayPal Holdings, a technology platform and digital payments firm that enables digital and mobile payments on behalf of clients and merchants.

Don't forget also that PayPal also owns Xoom and millennial payments favourite Venmo.

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