Probably the best known electronic payment firm in the world PayPal Holdings Inc (NASDAQ:PYPL) saw shares rise over 3% in NY in extended trading after it reported an earnings beat in its latest quarter. Institutional investors and hedge funds own 82.47% of the company's stock.
Revenues rose 21.4% from previous year to $3.24 billion, also topping analysts' view for $3.18 billion.
On October 20 KeyBanc maintained a company rating of "Outperform" and moved up the price target to $80.00 from $70.00. The share last price represents downtick move of -3.39% in value from company's 52-Week high price and shows 76.69% above change in value from its 52-Week low price.
Driving interest in PayPal Holdings, Inc. The correct version of this piece of content can be accessed at https://weekherald.com/2017/10/20/paypal-holdings-inc-pypl-is-neville-rodie-shaw-inc-s-8th-largest-position.html. RWC Asset Management LLP grew its holdings in PayPal Holdings by 67.9% in the 1st quarter. The service handled transactions worth $9 billion in the third quarter, nearly double from the period a year earlier, the San Jose, California-based company said Thursday in a statement. Atlantic Trust LLC now owns 32,260 shares of the credit services provider's stock valued at $1,732,000 after purchasing an additional 29,660 shares during the last quarter.
In addition to BTIG reporting its target price, a total of 34 firms have issued a report on the stock. Barclays Public Ltd Co owns 0.01% invested in CA, Inc. Ltd increased its stake in shares of PayPal Holdings by 171.4% during the 2nd quarter. It dropped, as 37 investors sold CA, Inc. shares while 167 reduced holdings. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The disposition, at a price of $68.66, resulted in William Ready bringing total 72906 shares.
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Since the beginning of the calendar year, the stock is 70.38%. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company's stock. Following the completion of the sale, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider's stock worth $4,173,311,000 after purchasing an additional 2,115,017 shares during the period. The disclosure for this sale can be found here. Finally, Mizuho reiterated a neutral rating and issued a $48.00 target price on shares of PayPal Holdings in a research note on Wednesday, June 28th.
Ultimately, the decision to increase the places where PayPal is accepted has paid off for the payment processing company. Edgewood Management LLC raised its stake in PayPal Holdings by 3.7% during the first quarter. The company had a rise in short interest between September 15, 2017 and September 29, 2017 of 5.28%.
PayPal Holdings, Inc. enables digital and mobile payments on behalf of consumers and merchants worldwide.
Don't forget also that PayPal also owns Xoom and millennial payments favourite Venmo.