Toronto Dominion Bank Grows Holdings in PayPal Holdings, Inc. (PYPL)

Yolanda Curtis
October 20, 2017

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. Hedge funds and other institutional investors own 82.47% of the company's stock. Stephens has "Buy" rating and $6500 target.

PayPal, whose product portfolio includes Braintree, Venmo, One Touch and Xoom, added 218 million active customer accounts in the reported quarter, up 13.5 percent from a year earlier.

PayPal reported solid third quarter earnings and revenue Thursday after the bell. The company's 50 day moving average price is $64.75 and its 200-day moving average price is $64.75. KeyCorp raised shares of PayPal Holdings to a "buy" rating and set a $60.00 price objective for the company in a report on Wednesday, June 21st. The stock now has a consensus rating of "Buy" and an average price target of $65.45. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & global copyright and trademark law. Janus Henderson Group PLC increased its holdings in shares of PayPal Holdings by 1,064.7% in the second quarter. The company shares sank -0.05% from their peak of $61.1 and now has a $14.79 billion market value of equity. Shares are now up over the past year, outperforming the broad market by -100% and outperformed a peer group of similar companies by 179%.

Among 53 analysts covering PayPal Holdings Inc (NASDAQ:PYPL), 36 have Buy rating, 2 Sell and 15 Hold. Share performance for the month is now at -2.80%. Share performance for the month is now at 5.96%. Also, EVP Gary J. Marino sold 1,351 shares of the company's stock in a transaction that occurred on Tuesday, August 1st. PayPal Holdings Inc had 127 analyst reports since July 23, 2015 according to SRatingsIntel. BTIG Research boosted their price objective on shares of PayPal Holdings from $53.00 to $63.00 and gave the company a "buy" rating in a report on Monday, June 26th. The disclosure for this sale can be found here. Following the completion of the transaction, the chief operating officer now directly owns 29,252 shares of the company's stock, valued at approximately $1,733,181.

Commenting on the results, Dan Schulman, President and CEO of PayPal said: "PayPal delivered one of its strongest quarters since becoming an independent company". Citigroup's target suggests a potential upside of 15.55 % from the company's last stock price.

PayPal Holdings, a technology platform and digital payments firm that enables digital and mobile payments on behalf of clients and merchants.

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