Gs Investments Inc. Takes Position in PayPal Holdings, Inc. (PYPL)

PayPal Reports Robust Revenue and Earnings for Q3 2017

Gs Investments Inc. purchased a new stake in PayPal Holdings during the 2nd quarter valued at $1,312,000. The company has a 50-day moving average of $64.75 and a 200 day moving average of $64.75.

PayPal managed to provide stellar figures from their previous quarter, one of the highlights that the company manage to score is their incredible revenue growth which was up by a massive 21% of a massive $3.239 billion or a total of 22% on a foreign currency neutral basis.

Active customer accounts were 218 million in the third quarter, an increase from 210 million in the second quarter and 192 million a year earlier. Company insiders own 6.00% of the company's stock. Short interest grew 1,306,358 over that timeframe. If you are viewing this news story on another publication, it was stolen and reposted in violation of USA & worldwide copyright & trademark legislation. Oppenheimer Holdings, Inc. raised their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, July 27th. Finally, Wellington Management Group LLP raised its stake in PayPal Holdings by 15.4% during the first quarter.

PayPal Holdings, Inc. (PYPL) now the company's industry has 12.44 P/E and the sector P/E is 17.08. Tiedemann Wealth Management LLC grew its holdings in PayPal Holdings by 39.2% in the 1st quarter. For the quarter, shares have been noted at -4.45%.

The San Jose-based online payments giant reported Q3 earnings per share (EPS) of $0.46, which was $0.03 better than the Wall Street consensus estimate of $0.43. On Thursday, May 25 the stock rating was maintained by Bernstein with "Market Perform". The original version of this story can be read at https://stocknewstimes.com/2017/10/20/gs-investments-inc-takes-position-in-paypal-holdings-inc-pypl.html. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. During the same period in the prior year, the firm posted $0.35 EPS. $59.32's average target is -16.93% below currents $71.41 stock price.




In related news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 31st. Following the completion of the transaction, the director now directly owns 124,516 shares of the company's stock, valued at approximately $7,244,340.88. The company has an average rating of "Buy" and an average target price of $68.64. The disclosure for this sale can be found here.

PayPal, the digital payments company, shared its growing financials after the bell on Thursday. Also included in the list of buyers for the last 3 months Daniel H Schulman who executed a direct buy for 33,701 shares on October 15, 2017.Director Rodney C Adkins bought 3046 shares on September 26, 2017, bringing his total number of shares held to 3399.

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

PayPal's latest move has been expanding the company's Venmo service past peer-to-peer payments such as splitting restaurant tabs to a method in which users can pay directly.

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