PayPal Holdings, Inc. (PYPL) Shares Bought by Howe & Rusling Inc

The brokerage now has an outperform rating on the credit services provider's stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Monness Crespi & Hardt boosted their price objective on shares of PayPal Holdings from $73.00 to $80.00 and gave the company a buy rating in a research note on Friday.

On October 20 Citigroup made no change to the stock rating of "Market Perform" and moved down the price target to $70.00 from $77.00. The stock of Paypal Holdings Inc (NASDAQ:PYPL) has "Neutral" rating given on Thursday, March 24 by Sterne Agee CRT. KeyBanc Capital Markets maintained the stock with "Buy" rating in Wednesday, August 30 report. The stock now has a consensus rating of "Buy" and a consensus target price of $69.09. As per Friday, July 28, the company rating was reinitiated by Cantor Fitzgerald. The company's shares closed on Friday at $70.97, close to its 52-week high of $71.73. Following the transaction, the chief operating officer now owns 29,252 shares of the company's stock, valued at $1,733,181.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 37.63%, and has a solid year to date (YTD) performance of 79.81% which means that the stock is constantly adding to its value from the previous fiscal year end price.

PayPal Holdings, Inc. has been given an analysts' mean target of 67.44.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, October 19th. Next quarter's EPS is expected be $0.53 with next year's EPS projected to be $2.21. The company's market cap is $85.58 Billion. PayPal Holdings had a net margin of 13.23% and a return on equity of 10.67%. The company's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.31 earnings per share. In the last earnings report the EPS was $1.24 and is expected to be $1.84 for the current year with 1,202,396,000 shares now outstanding.

Howe & Rusling Inc. grew its stake in PayPal Holdings, Inc. If you are accessing this story on another domain, it was stolen and republished in violation of United States & worldwide copyright & trademark laws. The original version of this piece can be read at

Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. Following the completion of the sale, the director now owns 124,516 shares of the company's stock, valued at approximately $7,244,340.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

In related news, COO William J. Ready sold 50,000 shares of the stock in a transaction dated Monday, October 31st.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The EVP now owns $2,191,791 of the stock as reported to the SEC. In the last 90 days, insiders have sold 261,351 shares of company stock valued at $15,302,809. Ingalls & Snyder LLC now controls 142,448 shares with a value of $9,121,000. FMR LLC now owns 82,268,871 shares of the credit services provider's stock worth $4,415,371,000 after acquiring an additional 21,814,940 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in PayPal Holdings by 0.9% during the 1st quarter. Mutual of America Capital Management LLC now owns 137,237 shares of the credit services provider's stock worth $8,787,000 after purchasing an additional 1,108 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of PayPal Holdings by 28.9% during the first quarter. Finally, Train Babcock Advisors LLC boosted its position in PayPal Holdings by 1.6% during the second quarter. Shell Asset Management CO owns 98,003 shares worth $6,275,000. Sigma Planning Corp now owns 16,819 shares of the credit services provider's stock worth $903,000 after purchasing an additional 74 shares in the last quarter.

Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is negative on the stock.

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