Paypal Holdings Inc. (NASDAQ:PYPL) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 25,432,808 shares, a growth of 19.4% from the October 14th total of 21,291,983 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,401,136 shares, the short-interest ratio is currently 2.1 days.

In other news, EVP Tomer Barel sold 28,768 shares of the business’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $41.84, for a total transaction of $1,203,653.12. Following the completion of the transaction, the executive vice president now owns 47,283 shares of the company’s stock, valued at approximately $1,978,320.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Aaron Anderson sold 2,644 shares of the business’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $41.78, for a total value of $110,466.32. Following the transaction, the vice president now directly owns 10,043 shares of the company’s stock, valued at approximately $419,596.54. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Paypal Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 69,535,527 shares of the company’s stock worth $2,538,742,000 after buying an additional 620,002 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Paypal Holdings by 2.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 28,942,634 shares of the company’s stock valued at $1,185,780,000 after buying an additional 792,841 shares during the period. Jackson Square Partners LLC boosted its position in Paypal Holdings by 6.9% in the second quarter. Jackson Square Partners LLC now owns 25,313,524 shares of the company’s stock valued at $1,071,595,000 after buying an additional 1,631,771 shares during the period. BlackRock Fund Advisors boosted its position in Paypal Holdings by 3.6% in the third quarter. BlackRock Fund Advisors now owns 13,913,897 shares of the company’s stock valued at $570,052,000 after buying an additional 478,066 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in Paypal Holdings by 26.4% in the third quarter. TIAA CREF Investment Management LLC now owns 11,468,719 shares of the company’s stock valued at $469,873,000 after buying an additional 2,396,427 shares during the period. 78.59% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on PYPL shares. Cantor Fitzgerald reissued a “buy” rating on shares of Paypal Holdings in a report on Monday, July 18th. Nomura reissued a “buy” rating on shares of Paypal Holdings in a report on Monday, July 18th. Vetr raised Paypal Holdings from a “hold” rating to a “buy” rating and set a $40.53 price target for the company in a report on Monday, July 18th. Citigroup Inc. reissued a “buy” rating and set a $46.00 price target on shares of Paypal Holdings in a report on Monday, July 18th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Paypal Holdings in a report on Sunday, July 17th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.21.

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.45 on Friday. The firm has a 50-day moving average price of $40.87 and a 200-day moving average price of $38.79. Paypal Holdings has a 52-week low of $30.52 and a 52-week high of $44.52. The stock has a market capitalization of $47.73 billion, a P/E ratio of 35.80 and a beta of 1.06.

Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Paypal Holdings had a return on equity of 10.67% and a net margin of 13.23%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the previous year, the firm posted $0.31 EPS. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, analysts predict that Paypal Holdings will post $1.50 EPS for the current year.

About Paypal Holdings

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.

5 Day Chart for NASDAQ:PYPL

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