PayPal Holdings Inc (NASDAQ:PYPL) Stock Through Resistance — Technicals Hit Extreme Strength
Inc. boosted its position in shares of Paypal Holdings by 36.7% in the first quarter. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $48.00 target price on shares of Paypal Holdings in a report on Tuesday, April 4th. Finally, Guardian Life Insurance Co. of America raised its position in shares of Paypal Holdings by 0.9% in the first quarter. Because of these issues, institutional investors seldom invest in low-float stocks. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.94 billion. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report -0.03 earnings per share. Important factors to focus when evaluating a stock’s present and future value are the 52 week price high and low levels.
The number of shares traded in the last trading session was 4.69 Million. FMR LLC boosted its position in shares of Paypal Holdings by 28.2% in the first quarter. Cantor Fitzgerald reissued a “positive” rating and issued a $48.00 target price on shares of Paypal Holdings in a report on Monday, January 23rd. AIMZ Investment Advisors LLC now owns 10,173 shares of the credit services provider’s stock worth $417,000 after buying an additional 35 shares in the last quarter. If we take a long term observation, shares have been trading at a distance of -15.31% from the 200-day moving average. Stock exchanged hands with the total volume of 4.43 Million shares, as contrast to its average volume of 1.08 Million shares. Comparatively, PYPL posted earnings of $0.43 per share in the same quarter, a year earlier.
PayPal Holdings, Inc. (NasdaqGS:PYPL) has a current ERP5 Rank of 7896.
In other news, EVP Gary J. Marino sold 13,535 shares of Paypal Holdings stock in a transaction that occurred on Tuesday, April 4th. Barclays Capital maintained Paypal Holdings Inc (NASDAQ:PYPL) rating on Friday, October 14. Morgan Stanley upped their target price on shares of Paypal Holdings from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, April 28th. Home Depot said US comparable sales – a metric monitored closely by the Street for retail stocks – climbed a whopping 6 percent during the first quarter, blowing past a 4.3 percent estimate compiled by analysts who cover the company.
Paypal Holdings Inc (NASDAQ:PYPL) traded up 1.15% on Tuesday, hitting $50.34. Moving out to look at the previous month performance, the stock is at 2.18%.
PayPal Holdings, Inc. (PYPL) has been given an average price target of $50.71 from analysts, according to data collected by Finviz. Quadrant Capital Group LLC now owns 5,992 shares of the credit services provider’s stock valued at $238,000 after buying an additional 40 shares in the last quarter. In other news, EVP Gary J. Marino sold 17,386 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. Analysts predict that Paypal Holdings will post $1.78 earnings per share for the current year. The shares were sold at an average price of $42.63, for a total value of $741,165.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The disclosure for this sale can be found here. Paypal Holdings Inc (NASDAQ:PYPL) has risen 22.87% since October 6, 2016 and is uptrending. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.91 on scale of 1-5. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company.
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Paypal Holdings Company Profile PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants.