Finally, Goldman Sachs Group Inc. reaffirmed a "buy" rating and issued a $49.00 target price (up previously from $47.00) on shares of Paypal Holdings in a research report on Sunday, October 23rd. (NASDAQ:PYPL) advice adding it to buy candidate list. (PYPL)'s current share price. Year-to-date it jumped 87.46%.
Several other equities analysts have also issued reports on PYPL. At the moment, the average analyst rating for PYPL is Moderate Buy.
22nd Century Group, Inc. On the other side, analysts now consider PayPal Holdings, Inc. a buy, and a technical analysis of the stock is setting somewhat neutral outlook for now. Robert W. Baird reissued an outperform rating and set a $65.00 price objective (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Jefferies Group LLC reissued an "outperform" rating and set a $80.00 price objective on shares of PayPal Holdings in a research report on Monday, October 23rd. Eleven equity analysts rating the company a strong buy, thirteen equity analysts rating the company a buy, twelve equity analysts rating the company a hold, three equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $43.68. (NASDAQ:PYPL) traded up $0.04 during trading hours on Tuesday, reaching $74.03. The company's stock had a trading volume of 3,642,361 shares, compared to its average volume of 7,608,000.
With these kinds of figures it is worthy to note that PayPal Holdings, Inc. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. The Company offers online payment solution which allows customers to pay and get paid, withdraw funds to their bank accounts and hold balances in their PayPal accounts in various currencies. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%.
Analysts believe that the company has the potential to earn average revenue of $3.62 Billion for the current quarter. In the most recent financial results released by PayPal Holdings, Inc., for the quarter ending on 2017-09-30, the company posted EPS of 0.46.
YouTube Pacts With Ticketmaster to Let Artists Sell US Concert Tickets
Apple Music, meanwhile, tried and failed in artist-to-fan connections with Connect, a social feed for artist updates. YouTube is now letting music artists sell tickets to USA performances under a new partnership with Ticketmaster .
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 20th.
WARNING: This piece of content was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another website, it was illegally copied and reposted in violation of USA & worldwide copyright and trademark laws. The correct version of this piece can be read at https://www.truebluetribune.com/2017/11/14/paypal-holdings-inc-pypl-cut-to-hold-at-zacks-investment-research.html. Kistler Tiffany Companies LLC grew its stake in PayPal Holdings by 511.9% during the third quarter. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Apriem Advisors grew its position in PayPal Holdings by 0.6% in the 2nd quarter. Sentry Investment Management LLC now owns 88,320 shares of the credit services provider's stock valued at $3,800,000 after purchasing an additional 3,404 shares in the last quarter.
How Active Are PayPal Holdings, Inc. Adage Capital Partners GP L.L.C. now owns 1,519,000 shares of the company's stock worth $58,633,000 after buying an additional 51,600 shares in the last quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider's stock valued at $761,000 after purchasing an additional 60 shares during the last quarter. Investors measure stock performance on the basis of a company's earnings power.
Shares of PayPal Holdings, Inc.