Hot Stock to Watch: PayPal Holdings, Inc. (PYPL)

Paypal (NASDAQ:PYPL)'s stock had its "buy" rating restated by research analysts at BTIG Research in a report released on Sunday, November 19th. Zacks Investment Research upgraded Paypal from a "hold" rating to a "buy" rating and set a $80.00 price target on the stock in a research report on Thursday, October 26th.

Several equities research analysts have issued reports on the stock. Bank of America restated a "buy" rating and set a $88.00 target price (up from $80.00) on shares of Paypal in a research report on Friday, December 1st. The company has 1.16 Billion shares outstanding and 1.14 Billion shares were floated in market. Of those analysts, 26 rate stock as a Strong Buy, 6 rate it as Hold, and just no analyst rates it as a Moderate Sell. The company presently has a consensus rating of "Buy" and a consensus target price of $73.24. The stock increased 1.42% or $1.01 during the last trading session, reaching $71.98. Earnings, with 44 analysts believing the company would generate an Average Estimate of $0.52. The firm has a 50 day moving average of $47.80 and a 200 day moving average of $42.83.

The highest price PYPL stock touched in the last 12 month was $79.39 and the lowest price it hit in the same period was $38.65. Of those insider trades, 3,046 shares of PayPal Holdings, Inc. were purchased and 93,721 shares were sold. For the most recent quarter, quick ratio was 1.4, current ratio was 1.4, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio stands at 0, while Payout ratio is 0. Hence the difference between Predicted EPS and Actual EPS reported is $0.03/share which shows an Earnings Surprise of 7 Percent. Paypal's revenue for the quarter was up 21.4% compared to the same quarter last year. research analysts forecast that Paypal will post 1.37 earnings per share for the current fiscal year.

The Details: PayPal Holdings, Inc. With 239,600 avg volume, 0 days are for SANUWAVE HEALTH INCORPORATED (OTCMKTS:SNWV)'s short sellers to cover SNWV's short positions. The company has market cap of $22.28 million. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

This particular stock's 5-day moving average is 74.61, its 20-day moving average is 75.44 and its 100-day moving average is 65.60.

The company's diluted EPS for trailing twelve months was 1.29. The disclosure for this sale can be found here.

A number of other hedge funds have also added to or reduced their stakes in PYPL.

Other hedge funds also recently bought and sold shares of the company. Sigma Planning Corp raised its position in shares of Paypal by 0.4% during the 2nd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider's stock valued at $381,030,000 after purchasing an additional 5,253,746 shares in the last quarter. Harding Loevner LP boosted its holdings in shares of Paypal by 86.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider's stock valued at $676,673,000 after buying an additional 84,888 shares during the period. Armstrong Shaw Associates Inc. Vanguard Group Inc. increased its position in Paypal by 2.8% during the second quarter. 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 during the last quarter.

PayPal Holdings, Inc. operates as a technology platform firm that enables digital and mobile payments on behalf of clients and merchants worldwide. "The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments TradingView.widget ({ "height": "400, "width": "625, "symbol": "NASDAQ:PYPL", "interval": "D", "timezone": "Etc/UTC", "theme": "White", "style": "1", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": "false, "hideideas": "true, "referral_id": "2588"}); To view Vetr's full report, visit Vetr's official website.

Top Pick for Tuesday: PayPal Holdings, Inc.

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