The stock last traded at $69.80 which is just over $65.10, the stock’s 50 day moving average and just above the 200 day moving average of $65.10. The 50 day moving average went up $4.70 or +7.22% whereas the 200 day moving average was up $4.70 or +7.22%. Trading volume for PayPal Holdings, Inc. was 34,283K in the last trading session. Trading volume was up 354.19% over the stocks average daily volume.
Short traders are more bearish on shares of PayPal Holdings, Inc. as implied by the increase in short interest. The stock realized a rise in short interest of 5.28% as of September 29, 2017 from the last reporting period. Short interest grew 1,306,358 over that timeframe. With short interest at 26,053,739 and short average daily volume at 8,096,551, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.02% as of September 29.
A few notable investment firms have updated their holdings. As of quarter end Horseman Capital Management Ltd had disposed of a total of 30,800 shares trimming its holdings by 33.6%. The value of the company’s investment in PayPal Holdings, Inc. decreased from $4,916,000 to $3,893,000 a change of $1,023,000 quarter to quarter. As of the end of the quarter Beech Hill Advisors, Inc. had sold 50 shares trimming its position 0.1%. The value of the investment in PayPal Holdings, Inc. went from $3,313,000 to $3,949,000 increasing 19.2% since the last quarter.
As of quarter end Reilly Financial Advisors, LLC had disposed of a total of 1,841 shares trimming its stake by 0.9%. The value of the investment in (PYPL) went from $11,607,000 to $13,730,000 a change of 18.3% quarter over quarter. Robeco Institutional Asset Management B.v. bolstered its stake by buying 4,150 shares an increase of 0.5% from 06/30/2017 to 09/30/2017. Robeco Institutional Asset Management B.v. now controls 763,901 shares with a value of $48,911,000. The total value of its holdings increased 19.9%.
October 18 investment analysts at Citigroup held the stock rating at “Buy” but raised the price target to $77.00 from $43.00. On October 20 BTIG Research kept the company rating at “Market Perform” but raised the price expectation from $48.00 to $70.00.
October 20 investment analysts at Citigroup left the company rating at “Market Perform” and moved down the price target to $70.00 from $77.00. On October 20 Credit Suisse made no change to the company rating of “Outperform” but moved up the price target from $43.00 to $80.00.
October 20 investment analysts at KeyBanc kept the stock rating at “Outperform” and raised the price target from $70.00 to $80.00. October 20 investment analysts at Barclays maintained a stock rating of “Outperform” and raised the price expectation from $75.00 to $80.00.
PayPal Holdings, Inc.’s P/E ratio is 56.29 and the market cap of the company is 83.93B. In the last earnings report the EPS was $1.24 and is projected to be $1.86 for the current year with 1,202,396,000 shares now outstanding. Next quarter’s EPS is expected be $0.54 with next year’s EPS projected to be $2.25.
PayPal Holdings, Inc., launched on January 30, 2015, is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Business’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform. The Company operates a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. The Company allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. The Company enables consumers to exchange funds with merchants using a range of funding sources, which include a bank account, a PayPal account balance, a PayPal Credit account, a credit and debit card or other stored value products, such as coupons and gift cards. The Company offers consumers person-to-person (P2P) payment solutions through its PayPal Website and mobile application, Venmo and Xoom..