PayPal Holdings, Inc. (PYPL) Position Trimmed by Peapack Gladstone Financial Corp

PayPal Holdings, Inc. (PYPL) Position Trimmed by Peapack Gladstone Financial Corp

PayPal Holdings, Inc. (PYPL) Position Trimmed by Peapack Gladstone Financial Corp

PayPal Holdings Inc has recorded a 50-day average of $64.21 and a two hundred day average of $64.21. (NASDAQ:PYPL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider's stock worth $7,587,000 after purchasing an additional 136,265 shares during the period.

Other institutional investors also recently modified their holdings of the company. The company shares sank -10.82% from their peak of $1.92 and now has a $86.14 million market value of equity. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider's stock valued at $99,318,000 after buying an additional 17,139 shares during the last quarter. PayPal Holdings's revenue for the quarter was up 18.3% on a year-over-year basis. BB&T Securities LLC now owns 170,765 shares of the credit services provider's stock worth $9,164,000 after purchasing an additional 33,268 shares during the period. Harvest Fund Management Co. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider's stock valued at $155,000 after purchasing an additional 190 shares during the period.

Boasting a price of $68.50, PayPal Holdings Inc (NDAQ:PYPL) traded -0.54% lower on the day. (NASDAQ:PYPL) advice adding it to buy candidate list. Now we look at the Moving Averages, the 200-day is 35.72%, the 50-day is 11.19% and the 20-day is 6.93%. The company has a market cap of $82.80 billion, a price-to-earnings ratio of 55.53 and a beta of 0.98.

PayPal Holdings, Inc. (PYPL) remained successful in beating the consensus-estimated $0.43 as it actually earned $0.46 per share in its last reported financial results. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. Revenue, on the other hand, scored 3.98% growth from the previous quarter, coming up with $3.09 billion. Equities analysts forecast that PayPal Holdings, Inc. will post $1.84 earnings per share for the current year.

Several brokerages have commented on PYPL. Deutsche Bank AG restated a "buy" rating and set a $77.00 target price (up from $64.00) on shares of PayPal Holdings in a report on Tuesday, October 3rd. The stock of Paypal Holdings Inc (NASDAQ:PYPL) has "Hold" rating given on Tuesday, July 25 by SunTrust. Morgan Stanley raised shares of PayPal Holdings from an "equal weight" rating to an "overweight" rating in a report on Wednesday. Keefe Bruyette & Woods maintained the stock with "Buy" rating in Wednesday, May 31 report. PayPal Holdings presently has an average rating of "Buy" and an average price target of $63.59.

In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the stock in a transaction on Monday, July 31st. Since the open, shares have moved -1.02% after recently hitting the $68.61 mark. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Gary J. Marino sold 1,351 shares of the company's stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00.

SRRA's mean recommendation on Reuter's scale presents no change from 2 thirty days ago to 2 now, which indicates a hold consensus from the analyst community. The disclosure for this sale can be found here. In the last quarter, insiders have sold 261,351 shares of company stock worth $15,302,809.

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