PayPal (PYPL) is Downgraded by Monness Crespi & Hardt to Sell, Price Target at $32

PayPal (PYPL) is Downgraded by Monness Crespi & Hardt to Sell according to the research report released to the investors. The brokerage firm has set the Price Target of the shares at $32. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

PayPal Holdings, Inc. is up 14.99% in the last 3-month period. Year-to-Date the stock performance stands at -1.39%.

PayPal Holdings, Inc. (NASDAQ:PYPL) has dropped 2.35% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.63% in the last 4 weeks. The shares have underperformed the S&P 500 by 1.53% during the past week but PayPal Holdings, Inc. (NASDAQ:PYPL) has outperformed the index in 4 weeks by 4%.

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) ended Thursday session in red amid volatile trading. The shares closed down 0.28 points or 0.77% at $36.2 with 4,481,936 shares getting traded. Post opening the session at $36.3, the shares hit an intraday low of $36.0508 and an intraday high of $36.5 and the price vacillated in this range throughout the day. The company has a market cap of $44,225 million and the number of outstanding shares have been calculated to be 1,221,690,060 shares. The 52-week high of PayPal Holdings, Inc. (NASDAQ:PYPL) is $42.55 and the 52-week low is $30.

In the past twelve weeks, the net percent change held by company insiders has changed by -45.91% . Institutional Investors own 75.57% of PayPal Holdings, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -61.72%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director, of Paypal Holdings, Inc., Donahoe John J had unloaded 53,390 shares at $36.25 per share in a transaction on November 20, 2015. The total value of transaction was $1,935,388. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.