Paypal Holdings Inc (PYPL) Short Interest Update

Paypal Holdings Inc (NASDAQ:PYPL) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 12,913,968 shares, a decrease of 20.6% from the January 12th total of 16,261,372 shares. Based on an average daily trading volume, of 8,783,521 shares, the short-interest ratio is currently 1.5 days. Currently, 1.1% of the company’s stock are short sold.

A number of research firms have weighed in on PYPL. Wells Fargo & Co upped their price objective on shares of Paypal from $65.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, October 20th. Craig Hallum set a $93.00 price objective on shares of Paypal and gave the company a “buy” rating in a research report on Monday, November 20th. Jefferies Group upped their price objective on shares of Paypal from $86.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus upped their price objective on shares of Paypal from $77.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Finally, Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $86.65 price target on the stock in a research report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $77.04.

Shares of Paypal (NASDAQ:PYPL) opened at $74.75 on Friday. Paypal has a 12 month low of $40.30 and a 12 month high of $86.32. The company has a market cap of $89,840.00 and a P/E ratio of 50.85.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business earned $0.42 earnings per share. Paypal’s revenue was up 25.6% compared to the same quarter last year. research analysts forecast that Paypal will post 1.75 earnings per share for the current fiscal year.

In other Paypal news, EVP Adele Louise Pentland sold 6,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $78.11, for a total value of $468,660.00. Following the completion of the transaction, the executive vice president now directly owns 46,045 shares of the company’s stock, valued at approximately $3,596,574.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Aaron Anderson sold 9,367 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $77.84, for a total transaction of $729,127.28. Following the completion of the transaction, the vice president now directly owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,344 shares of company stock valued at $9,818,481. 6.00% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in PYPL. FTB Advisors Inc. increased its stake in shares of Paypal by 8.2% during the second quarter. FTB Advisors Inc. now owns 8,917 shares of the credit services provider’s stock valued at $489,000 after acquiring an additional 672 shares during the period. ETF Managers Group LLC acquired a new position in shares of Paypal during the second quarter valued at approximately $7,470,000. Monetary Management Group Inc. increased its stake in shares of Paypal by 0.5% during the second quarter. Monetary Management Group Inc. now owns 63,600 shares of the credit services provider’s stock valued at $3,413,000 after acquiring an additional 325 shares during the period. Dana Investment Advisors Inc. acquired a new position in shares of Paypal during the second quarter valued at approximately $6,603,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Paypal during the second quarter valued at approximately $3,142,000. Institutional investors own 82.46% of the company’s stock.

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Paypal Company Profile

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.

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