The institutional investor owned 2,438,705 shares of the credit services provider's stock after buying an additional 68,669 shares during the period. Arcadia Investment Management Corp MI lifted its position in shares of Paypal by 230.4% during the 4th quarter. During the same quarter in the previous year, the firm earned $0.42 earnings per share. Over the last 12 months, PYPL's free cash flow per share is a negative -2.47. San Francisco Sentry Investment Group CA raised its stake in Paypal by 352.8% in the 3rd quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Paypal in the 3rd quarter valued at $113,000. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider's stock valued at $1,204,003,000 after buying an additional 8,827,558 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Paypal by 117.3% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 4,091 shares of the credit services provider's stock valued at $301,000 after purchasing an additional 931 shares in the last quarter.
Paypal Holdings Inc (NASDAQ PYPL) traded up $2.43 on Monday, reaching $74.75. The stock tapped a 52-week high of US$47.2 while the mean 12-month price target for the shares is US$48.74. The price to sales ratio is the ratio of the market value of equity to the sales.More news: Featured Stock to Focus: BP plc (NYSE:BP)
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 31st. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. According to their predictions high & low revenue estimates are 3.67 Billion and 3.43 Billion respectively. According to their observations and findings, the stock could provide a high EPS of $0.57/share and a low EPS of $0.49/share. Also, Director Rodney C. Adkins acquired 6,750 shares of the company's stock in a transaction on Friday, December 8th.
Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The total dollar value of all 1.16 billion outstanding shares is 87.18 billion. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William J. Ready sold 60,000 shares of Paypal stock in a transaction dated Friday, February 2nd. The shares were acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. 14,339,101 shares of the company were exchanged, compared to its average volume of 11,415,251. The disclosure for this purchase can be found here. If, for instance, a stock's volumes suddenly increase by a significant amount, it's usually a sign that the level of conviction behind the trade is high. BTIG Research downgraded shares of Paypal from a "buy" rating to a "neutral" rating in a report on Thursday, February 1st. Recently, analysts have updated the overall rating to 1.98. Stifel Nicolaus upped their price objective on shares of Paypal from $77.00 to $79.00 and gave the stock a "hold" rating in a report on Thursday, February 1st.More news: What direct rule in Northern Ireland means for the UK
Price isn't the only tool analysts use to forecast future performance. Finally, Guggenheim reaffirmed a "buy" rating on shares of Paypal in a report on Thursday, February 1st.
When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), PYPL is given a 2.00 while 2.80 placed for USB.More news: McDonald's nixes cheeseburger from Happy Meal as part of larger health push
PayPal Holdings, Inc. (PYPL) analysts on average have given a price target of $24 on PYPL stock. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/12/paypal-holdings-inc-pypl-stake-increased-by-california-public-employees-retirement-system.html. (NASDAQ:PYPL) showed a growth of 21.88 Percent per annum. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.