Paypal Holdings Inc. (PYPL) Sees Large Increase in Short Interest
Paypal Holdings Inc. (NASDAQ:PYPL) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 23,566,313 shares, a growth of 6.7% from the August 31st total of 22,085,413 shares. Based on an average daily volume of 10,950,130 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.1% of the company’s shares are short sold.
Paypal Holdings (NASDAQ:PYPL) opened at 40.97 on Friday. The company has a market cap of $48.43 billion, a P/E ratio of 37.25 and a beta of 1.13. Paypal Holdings has a 12-month low of $30.52 and a 12-month high of $41.75. The firm’s 50 day moving average is $38.89 and its 200 day moving average is $38.45.
Paypal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. During the same quarter last year, the company posted $0.32 earnings per share. Equities research analysts anticipate that Paypal Holdings will post $1.50 EPS for the current fiscal year.
Several analysts recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Sunday, July 17th. Credit Agricole SA reaffirmed an “underperform” rating and set a $38.00 price objective on shares of Paypal Holdings in a research report on Wednesday, June 29th. Wells Fargo & Co. cut Paypal Holdings from an “outperform” rating to a “market perform” rating in a research report on Friday, July 22nd. Finally, Vetr raised Paypal Holdings from a “buy” rating to a “strong-buy” rating and set a $42.41 price objective on the stock in a research report on Tuesday, June 7th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty have given a buy rating to the stock. Paypal Holdings has a consensus rating of “Hold” and an average price target of $43.98.
In related news, SVP Tomer Barel sold 5,862 shares of the firm’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the sale, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at $1,005,302.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William J. Ready sold 48,963 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the completion of the sale, the senior vice president now directly owns 56,943 shares in the company, valued at $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Paypal Holdings during the second quarter valued at about $1,626,000. Kentucky Retirement Systems acquired a new position in shares of Paypal Holdings during the second quarter valued at about $3,424,000. KAMES CAPITAL plc boosted its position in shares of Paypal Holdings by 22.4% in the second quarter. KAMES CAPITAL plc now owns 44,395 shares of the company’s stock valued at $1,621,000 after buying an additional 8,129 shares during the period. Mason Street Advisors LLC acquired a new position in shares of Paypal Holdings during the second quarter valued at about $5,424,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Paypal Holdings by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 32,506 shares of the company’s stock valued at $1,187,000 after buying an additional 2,372 shares during the period. 78.77% of the stock is owned by hedge funds and other institutional investors.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.
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