Paypal Holdings Inc. (NASDAQ: PYPL) Rating Reiterated at Jefferies Group

Paypal Holdings Inc. (NASDAQ: PYPL) had its Buy rating reiterated by equities researchers at Jefferies Group in a research note to investors. With a rating of Buy on the shares, Paypal Holdings Inc. has a 52-week high of $41.75. The one-year price target of $43.91 is above the opening price of $40.06, that has caused a number of other analysts to report on the stock in recent days. Usually, after analysts issue a “reiterated rating” report on a stock, they will subsequently issue sporadic revisions, such as a price target change.

U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.

The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.

The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.

The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.

Yesterday Paypal Holdings Inc. (NASDAQ: PYPL) shares last traded at $39.69, which represents a dip of $0.32 from the previous closing price. Opening at $40.06, they varied from $39.67 and $40.30 throughout the day.

Paypal Holdings Inc. (NASDAQ: PYPL) now has a market cap of 46.91B.

The stock’s average daily volume is 8,915,240 shares out of a total float 1,110,288,000 and some 5,563,314 shares traded hands yesterday, 24 percent below the norm. Swing traders often use swings in trading volume to identify heavy volume growth or circulation by institutional investors, so trading volume is likely to increase in the next few days.

However, just a day of heavy buy side trading is not enough to determine a trend. So market traders will continue to watch for institutional sponsorship as a cue that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain substantial teams of analysts that research thousands of stocks, so it is good corroboration to see them buying a stock you are considering.

By following the activity of these professional investors and how they affect moving averages,it allows for traders to make more useful choices on trades.

With that in mind, Paypal Holdings Inc. (NASDAQ: PYPL) now has a 50-day MA of $38.22 and 200-day MA of $38.34. It has traded in a 52-week range between $30.30 – 41.75 and today’s last price is 0.05% lower than the 52 week high of $41.75.

Earnings growth is a critical factor to look at when buying stocks and investors seek companies that have been successful at growing their earnings by at least 25% for a 3 year period.

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