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.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

Notícias recomendadas

  • Baidu Inc (ADR) (BIDU) Analysts See $2.26 EPS

    Castleark Mngmt Lc holds 396,604 shares or 0.47% of its portfolio. (NYSE:PEP) or 13,677 shares. (NYSE:PEP) for 217,739 shares. The stock's market capitalization is 90.99B, it has a 52-week low of 159.54 and a 52-week high of 262.69.
    49ers release LB NaVorro Bowman

    49ers release LB NaVorro Bowman

    NaVorro Bowman's time as a member of the San Francisco 49ers came to a surprising end Friday when he was released. With Foster in the wings and getting closer to playing full time, Bowman wants out of the organization.
    Mercato : Coutinho vers le FC Barcelone dès cet hiver !

    Mercato : Coutinho vers le FC Barcelone dès cet hiver !

    Toutefois, Jürgen Klopp n'aurait aucune intention de laisser filer l'international brésilien cet hiver. D'après le journal britannique, Liverpool n'a même pas pensé à un départ de Coutinho.
  • Jose Mourinho 'surprised' Belgium chose to play Marouane Fellaini

    Jose Mourinho 'surprised' Belgium chose to play Marouane Fellaini

    Mourinho told a news conference on Friday: "I can not control what they do in the national team". "I was surprised, yes I was".
    $0.09 EPS Expected for Build-A-Bear Workshop, Inc (BBW)

    $0.09 EPS Expected for Build-A-Bear Workshop, Inc (BBW)

    The stock of Build-A-Bear Workshop, Inc (NYSE:BBW) is a huge mover today! Bridgeway Management Inc has 65,200 shares. Build-A-Bear Workshop presently has an average rating of "Buy" and an average price target of $11.67.
    Arrow Season 6 Episode 2 Trailer and Details

    Arrow Season 6 Episode 2 Trailer and Details

    Oliver (Stephen Amell) struggles to connect with William (guest star Jack Moore) so he reaches out to a surprising source for help.
  • Shatrughan Sinha to skip PM Modi's Patna event

    Shatrughan Sinha to skip PM Modi's Patna event

    The Prime Minister will address the Centenary Celebrations of Patna University. Earlier, Yashwant Sinha was expected to attend the event as he is an alumnus.

    Lam Research Corporation (LRCX) PT Raised to $215.00

    Currently, 132.41 million total shares are owned by the public and among those 132.03 million shares have been available to trade. The volume of LRCX witnessed a shift from 2.15 million shares, based on a 50-day average, to 2.13 million shares. (NYSE:WHG).
    125-1 English outsider Matt Wallace leads Italian Open leaderboard at halfway

    125-1 English outsider Matt Wallace leads Italian Open leaderboard at halfway

    Donaldson had the shot of the day when he used his driver off the fairway on the ninth, his final hole, and hit to within 18 inches from 291 yards.
  • Hot Mover of the Day: PG&E Corporation (NYSE: PCG)

    Hot Mover of the Day: PG&E Corporation (NYSE: PCG)

    Investors analyze price earnings ratio (P/E) ratio that helps how much they should pay for a stock based on its current earnings. Another way to determine the effectiveness of a company's distributions is by looking at the Shareholder yield (Mebane Faber).
    Ex-SLC PD detective appeals firing over arrest of nurse

    Ex-SLC PD detective appeals firing over arrest of nurse

    In video footage, the nurse is seen sobbing and screaming for help. Aimee McLean is president of the Utah Nurses Association.

    Unexpected Gainer with critical Performance Analyses: MannKind Corporation (NASDAQ:MNKD)

    A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return. On average, equities analysts anticipate that MannKind Corporation will post ($0.95) earnings per share for the current year.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.