PayPal Holdings, Inc. (PYPL) Position Trimmed by Peapack Gladstone Financial Corp

PayPal Holdings, Inc. (PYPL) Position Trimmed by Peapack Gladstone Financial Corp

A total of 8.66 Billion shares exchanged at hands and its average trading volume is standing at 7.47 Million shares. For the quarter, shares have been noted at 1.66%. Twin Capital Management Inc. now owns 59,480 shares of the credit services provider's stock worth $2,559,000 after buying an additional 460 shares during the period. Harvest Fund Management Co. Rhumbline Advisers grew its holdings in PayPal Holdings by 0.9% during the 2nd quarter. GAM Holding AG now owns 225,782 shares of the credit services provider's stock worth $12,118,000 after purchasing an additional 28,265 shares during the period. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider's stock valued at $155,000 after purchasing an additional 190 shares during the period. Jefferies Group LLC raised their target price on shares of PayPal Holdings to $80.00 and gave the stock a "buy" rating in a report on Friday. (NASDAQ PYPL) opened at 68.86 on Friday. The stock has a 50 day moving average of $64.21 and a 200-day moving average of $64.21. The company has market cap of $82.39 billion. (NYSE:PYPL)'s stock has changed 74.46%. Share performance for the month is now at 0.15%. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. For the most recent quarter, quick ratio was 1.5, current ratio was 1.5, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio stands at 0, while Payout ratio is 0.

Quarterly Revenue Growth on year-over-year basis stands at 18.3 percent.

Investors wait Paypal Holdings Inc (NASDAQ:PYPL) to report on October, 19. its quarterly earnings Wall Street analysts expect $0.32 earnings per share, up $0.03 or 10.34 % from last year's $0.29 same quarter earnings.

A number of brokerages have weighed in on PYPL. PayPal Holdings Inc had 121 analyst reports since July 23, 2015 according to SRatingsIntel.

Barclays now has a $75 target price on shares of PayPal Holdings (NASDAQ:PYPL). The rating was initiated by Citigroup on Wednesday, July 22 with "Buy". Finally, Robert W. Baird reaffirmed an outperform rating and set a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company's stock. The stock presently has an average rating of Buy and a consensus target price of $63.85.

In other news, Director John J. Donahoe sold 170,000 shares of the company's stock in a transaction that occurred on Thursday, August 10th. $58.16's average target is -15.12% below currents $68.52 stock price. Following the completion of the transaction, the director now owns 124,516 shares of the company's stock, valued at $7,244,340.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. On Tuesday, August 18 the stock rating was maintained by Susquehanna with "Positive". Following the completion of the transaction, the executive vice president now owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. Assetmark Inc. now owns 4,745 shares of the credit services provider's stock worth $204,000 after buying an additional 1,488 shares during the period.

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