PayPal Holdings, Inc. (NASDAQ:PYPL).
Vontobel Asset Management Inc reports that it sold 749,575 shares during the last quarter decreasing its holdings in PayPal Holdings, Inc. by 13.7%. Its investment was worth $259,975,000 an increase of 6.8% as of quarter end.
Vontobel Asset Management Inc isn’t the only one who has changed their investment in PYPL. Gateway Investment Advisers LLC added to its ownership by buying 12,393 shares an increase of 1.7% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC controls 749,428 shares valued at $40,222,000. The total value of its holdings increased 26.9%. As of the end of the quarter Pennsylvania Trust Co had acquired 3,360 shares growing its stake by 31.5%. The value of the total investment in PayPal Holdings, Inc. went from $459,000 to $752,000 a change of 63.8% quarter over quarter.
Appleton Partners Inc/ma expanded its position by buying 166 shares an increase of 0.1% in the quarter. Appleton Partners Inc/ma owns 169,373 shares worth $9,090,000. The value of the position overall is up by 24.9%.
On July 10, 2017 the stock rating was changed to a “Outperform” by Bernstein a boost from the previous “Market Perform” rating. On June 21 the company was upgraded to “Overweight” from “” by analysts at Pacific Crest.
On May 25 the company was rated “Hold” according to a Stifel Nicolaus report which was a cut from the previous “Buy” rating. On October 21 the company was upgraded from “Hold” to “Buy” with a current price target of $46.00 in a statement from Stifel Nicolaus.
October 14 investment analysts at Barclays kept the stock rating at “Overweight” but moved up the price target from $42.00 to $47.00. On September 19 the company was downgraded to “Hold” from “Buy” and a price target of $40.00 was set in a report from Canaccord Genuity.
The company is so far trading up by 2.85 percent from yesterday’s close. Shares last traded at $56.32 which is just a bit higher than the 50 day moving average which is $52.01 and which is a tad above the 200 day moving average of $44.86. The 50 day moving average went up $3.94 or +7.58% and the 200 day average was up $11.09.
The company currently has a P/E ratio of 47.82 and the market cap is 67.21B. As of the latest earnings report the EPS was $1.17 and is projected to be $1.78 for the current year with 1,201,258,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.42 with next year’s EPS projected to be $2.12.