PayPal Holdings, Inc. (PYPL) - Citigroup Maintains Rating And Lowers Price Target

Isaac Cain
October 21, 2017

Gs Investments Inc. purchased a new position in shares of PayPal Holdings, Inc.

For this PYPL's 20 days and 50 days MA (moving average) comparison clear the blur picture. Not to mention, the service has managed $9 billion worth of transaction in the third quarter, which is nearly double from past year.

Net income rose to US$380 million, or 31 cents per share, in the quarter ended September 30, from US$323 million, or 27 cents per share, a year earlier. Out of 3 Wall Street analysts rating CalAmp, 0 give it "Buy", 0 "Sell" rating, while 3 recommend "Hold".

Shares of PayPal Holdings, Inc.

Institutional owners hold 85.10% stake while Insiders ownership held at 0.10% in the company.

Several equities research analysts have recently issued reports on PYPL shares.

But it's not just selling activity that is creating investor interest in PYPL; over the last several weeks, several insiders have bought shares. If you are viewing this news story on another publication, it was stolen and reposted in violation of USA & worldwide copyright & trademark legislation. The stock of Paypal Holdings Inc (NASDAQ:PYPL) has "Outperform" rating given on Thursday, April 27 by RBC Capital Markets.

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Around 35% of volumes came through a mobile device and mobile payment volume increased a whopping 54% from a year ago to about US$40bn, showing the firm's ability to pick up market share here. Finally, Clifford Swan Investment Counsel LLC grew its holdings in PayPal Holdings by 2.2% in the 1st quarter. PayPal Holdings Inc has $75 highest and $45 lowest target. MV Capital Management Inc. now owns 2,963 shares of the credit services provider's stock worth $159,000 after purchasing an additional 199 shares during the last quarter. Tiedemann Wealth Management LLC grew its holdings in PayPal Holdings by 39.2% in the 1st quarter. PayPal's operating cash flow was at $1.006 billion and the free cash flow of $841 million which is up by a massive 36% on a quarter to quarter basis. The legal version of this story can be accessed at During the same period in the prior year, the company earned $0.35 EPS.

In related news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 31st. $59.36's average target is -16.10% below currents $70.75 stock price. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Following the completion of the sale, the director now owns 124,516 shares of the company's stock, valued at $7,244,340.88.

Ultimately, the decision to increase the places where PayPal is accepted has paid off for the payment processing company. The disclosure for this sale can be found here.

PayPal Holdings, Inc. enables digital and mobile payments on behalf of consumers and merchants worldwide.

One area that did see a notable rise over previous year was PayPal's operating cash flow, having come in at $1.006 billion with a free cash flow of $841 million in Q3 2017.

Don't forget also that PayPal also owns Xoom and millennial payments favourite Venmo.

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