A Fresh Look At PayPal Holdings, Inc. (NASDAQ:PYPL)

A Fresh Look At PayPal Holdings, Inc. (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) has price to earnings growth of 3.24, which is a valuation metric for determining relative trade-off among price of a stock.

PayPal also said that revenue for the fourth quarter was $3.7 billion, compared to $3 billion in the same quarter a year ago. PayPal Holdings, Inc. (PYPL)'s value Change from Open was at -1.04% with a Gap of -0.29%. Finally, Wealthfront Inc. grew its position in shares of Paypal by 19.2% during the 2nd quarter. Ltd raised its holdings in Paypal by 171.4% during the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider's stock valued at $330,127,000 after purchasing an additional 4,663,337 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Paypal by 1.2% during the 2nd quarter. On the other side it is not a negative indicator for Investor portfolio value - when the price of a stock Investor owns moves down in value.

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Several other brokerages have also weighed in on PYPL. William Blair initiated the shares of PYPL in report on Tuesday, October 6 with "Outperform" rating. Mizuho reissued a "hold" rating and set a $50.00 price objective on shares of Paypal in a report on Sunday, October 15th. Bank of America reaffirmed a "buy" rating and issued a $78.00 target price (up previously from $71.00) on shares of Paypal in a research report on Friday, October 6th. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. PayPal will continue to work with eBay and provide payment services through July 2020 and will remain an option until 2023. eBay hopes to have Adyen completely in place worldwide by 2021. Considering that the stock recent volume of 7536597 shares, this represents a pretty noteworthy trading in volume size. PayPal Holdings, Inc. (PYPL) recently closed with rise of 3.87% to its 20-Day Simple Moving Average. The company was maintained on Monday, August 10 by Scotia Capital.

What to Expect From PayPal Holdings, Inc. The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.64 billion.

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San Jose, California-based PayPal forecast first-quarter adjusted earnings of 52 cents to 54 cents per share.

PayPal Holdings, Inc. (PYPL) is estimating to achieve earnings per share (EPS) growth of 15.10% for this year while EPS growth expected to touch 20.78% for next year. The stock price is showing 8.64% distance above 50 SMA. However, if the VEEV shares go below $62.14 then it would indicate a much weaker market for the company. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Stocks Pen (SP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own.

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At the moment 45 analysts are watching PayPal Holdings, Inc. It enables businesses of various sizes to accept payments from merchant Websites, mobile devices, and applications, as well as at offline retail locations through a range of payment solutions, including PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products.

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