Paypal Holdings Inc (NASDAQ:PYPL) was the target of a significant increase in short interest in April. As of April 28th, there was short interest totalling 30,228,128 shares, an increase of 3.1% from the April 13th total of 29,317,266 shares. Based on an average trading volume of 9,298,572 shares, the short-interest ratio is presently 3.3 days.

A number of research firms have weighed in on PYPL. Vetr upgraded Paypal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price target on the stock in a research note on Wednesday, May 17th. Morgan Stanley restated an “equal weight” rating and issued a $49.00 price target (up from $44.00) on shares of Paypal Holdings in a research note on Friday. Instinet restated a “buy” rating and issued a $54.00 price target on shares of Paypal Holdings in a research note on Friday. Jefferies Group LLC restated a “buy” rating and issued a $52.00 price target on shares of Paypal Holdings in a research note on Wednesday, April 19th. Finally, BTIG Research raised their price target on Paypal Holdings from $48.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.89.

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 49.77 on Tuesday. Paypal Holdings has a one year low of $34.00 and a one year high of $50.35. The firm has a 50-day moving average price of $46.25 and a 200-day moving average price of $42.38. The stock has a market cap of $59.79 billion, a price-to-earnings ratio of 42.54 and a beta of 0.91.

Paypal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by $0.01. Paypal Holdings had a return on equity of 10.69% and a net margin of 12.92%. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company posted $0.37 EPS. Paypal Holdings’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts anticipate that Paypal Holdings will post $1.78 earnings per share for the current fiscal year.

In other Paypal Holdings news, EVP Gary J. Marino sold 17,386 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $42.63, for a total value of $741,165.18. Following the sale, the executive vice president now directly owns 40,740 shares in the company, valued at $1,736,746.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Gary J. Marino sold 13,535 shares of the firm’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total value of $575,508.20. Following the completion of the sale, the executive vice president now owns 39,405 shares in the company, valued at $1,675,500.60. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in Paypal Holdings by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the credit services provider’s stock valued at $3,119,415,000 after buying an additional 42,783,928 shares during the period. Vanguard Group Inc. boosted its position in Paypal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after buying an additional 2,549,683 shares during the period. FMR LLC boosted its position in Paypal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after buying an additional 13,296,056 shares during the period. BlackRock Inc. boosted its position in Paypal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after buying an additional 58,026,239 shares during the period. Finally, State Street Corp boosted its position in Paypal Holdings by 0.7% in the fourth quarter. State Street Corp now owns 46,257,876 shares of the credit services provider’s stock valued at $1,825,798,000 after buying an additional 307,533 shares during the period. Hedge funds and other institutional investors own 81.22% of the company’s stock.

WARNING: “Short Interest in Paypal Holdings Inc (PYPL) Rises By 3.1%” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/05/23/short-interest-in-paypal-holdings-inc-pypl-rises-by-3-1.html.

About Paypal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

12 Month Chart for NASDAQ:PYPL

Receive News & Ratings for Paypal Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.