Paypal Holdings Inc (PYPL) Stake Boosted by Baltimore Washington Financial Advisors Inc

Paypal Holdings Inc (PYPL) Stake Boosted by Baltimore Washington Financial Advisors Inc

Paypal Holdings Inc (PYPL) Stake Boosted by Baltimore Washington Financial Advisors Inc

(NASDAQ:PYPL) by 22.6% during the first quarter, according to its most recent disclosure with the SEC. Wealthfront Inc. now owns 30,944 shares of the credit services provider's stock valued at $1,221,000 after buying an additional 1,214 shares during the period.

Other firms have also shifted positions in (PYPL). Finally, West Oak Capital LLC boosted its position in shares of Paypal Holdings by 23.9% in the first quarter. The institutional investor owned 75,896 shares of the credit services provider's stock after buying an additional 14,000 shares during the period. FMR raised its stake in stocks of PayPal Holdings by 36.1% in the Fiscal Q2. Edgewood Management has an ownership of 18,568,508 stocks of the credit services provider's shares valued at $798,817,000 after scooping up an extra 663,087 stocks in the previous period. American Research & Management Co. increased its position in Paypal Holdings by 59.0% in the first quarter. Nonetheless, PayPal remains a major partner of online retailers the world over, and, as such, a number of the top investors and financial institutions continue to hold significant stakes in the company.

In recent trading day PayPal Holdings, Inc.

Paypal Holdings Inc (NASDAQ PYPL) traded up 0.03% during mid-day trading on Friday, hitting $58.04. (PYPL) stock showed the move of -2.77% with the closing price of $58.02. The stock has a 50 day moving average of $57.01 and a 200-day moving average of $48.47. The company has a market capitalization of $69.81 billion, a PE ratio of 46.82 and a beta of 0.99.

Zacks Investment Research downgraded shares of Paypal Holdings Inc (NASDAQ:PYPL) from a buy rating to a hold rating in a report issued on Monday, July 31st.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. The business's revenue for the quarter was up 18.3% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current year.

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PayPal Holdings disclosed that its Board of Directors has approved a share buyback plan on early Wed, Apr 26th that permits The corporation to repurchase $5.00 B in Stocks. This repurchase authorization authorizes the credit services provider to reacquire up to 9.3% of its shares through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: This story was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of USA and worldwide copyright & trademark law. The original version of this story can be read at Narrowing in, the stock is at a distance of -5.94% from the 50 day high and 25.32% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of, Inc. Barclays PLC raised their target price on Paypal Holdings from $63.00 to $66.00 and gave the stock an "overweight" rating in a report on Thursday, July 27th. Paypal Holdings's revenue for the quarter was up 18.3% compared to the same quarter previous year. Jefferies Group LLC reaffirmed a "buy" rating and set a $52.00 price target on shares of PayPal Holdings in a research report on Wednesday, April 19th.

On July 27 Raymond James kept the stock rating at "Outperform" but raised the price expectation from $45.00 to $65.00. Vetr upgraded Paypal Holdings from a "hold" rating to a "buy" rating and set a $51.23 price objective for the company in a report on Wednesday, May 17th. 1 expert has recommended the share with a sell recommendation, eleven has issued a hold recommendation, thirty has issued a buy recommendation and two have issued a strong buy recommendation to the share. the share presently has a consensus recommendation of "Buy" and an average price target of $59.49. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.65 average brokerage recommendation. The stock grabbed 108 new institutional investments totaling 17,810,335 shares while 84 institutional investors sold out their entire positions totaling 38,930,314 shares. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $2,025,638.73.

In other Paypal Holdings news, EVP Gary J. Marino sold 1,350 shares of the firm's stock in a transaction on Thursday, June 1st. Following the transaction, the chief operating officer now directly owns 29,252 shares of the company's stock, valued at $1,733,181. Insiders sold a total of 95,852 shares of company stock worth $5,653,198 over the last quarter.

U.S. based company, PayPal Holdings, Inc.

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