Trade Report: Today, Paypal Holdings Inc. (PYPL) Short Interest Update

Today, Paypal Holdings Inc. (PYPL) Short Interest Update

Paypal Holdings Inc. (NASDAQ:PYPL) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 27,212,502 shares, an increase of 7.0% from the October 31st total of 25,432,808 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average trading volume of 10,139,928 shares, the short-interest ratio is presently 2.7 days.

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.26 on Friday. The firm has a market capitalization of $47.51 billion, a PE ratio of 35.63 and a beta of 1.06. Paypal Holdings has a 52 week low of $30.52 and a 52 week high of $44.52. The stock has a 50 day moving average of $40.66 and a 200-day moving average of $38.82.

Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.65 billion. Paypal Holdings had a net margin of 13.23% and a return on equity of 10.67%. Paypal Holdings’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. Equities analysts anticipate that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.

In other Paypal Holdings news, COO William J. Ready sold 50,000 shares of the firm’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $41.72, for a total transaction of $2,086,000.00. Following the completion of the transaction, the chief operating officer now directly owns 59,999 shares of the company’s stock, valued at approximately $2,503,158.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gary J. Marino sold 1,726 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the transaction, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in PYPL. Artemis Investment Management LLP increased its stake in shares of Paypal Holdings by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the company’s stock valued at $12,495,000 after buying an additional 129,047 shares during the period. Candriam Luxembourg S.C.A. increased its stake in shares of Paypal Holdings by 4.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 467,009 shares of the company’s stock valued at $17,051,000 after buying an additional 17,796 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Paypal Holdings by 1.9% in the second quarter. Cullen Frost Bankers Inc. now owns 405,333 shares of the company’s stock valued at $14,799,000 after buying an additional 7,364 shares during the period. National Planning Corp increased its stake in shares of Paypal Holdings by 7.2% in the second quarter. National Planning Corp now owns 11,978 shares of the company’s stock valued at $438,000 after buying an additional 805 shares during the period. Finally, Flossbach Von Storch AG increased its stake in shares of Paypal Holdings by 7.6% in the second quarter. Flossbach Von Storch AG now owns 1,794,990 shares of the company’s stock valued at $65,535,000 after buying an additional 127,260 shares during the period. Institutional investors and hedge funds own 78.13% of the company’s stock.

PYPL has been the subject of several recent analyst reports. Vetr lowered shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $41.29 price objective for the company. in a report on Monday, August 8th. Wedbush reissued an “outperform” rating and set a $50.00 price objective on shares of Paypal Holdings in a report on Monday, August 1st. Nomura reissued a “buy” rating and set a $54.00 price objective on shares of Paypal Holdings in a report on Monday, October 17th. Deutsche Bank AG reissued a “buy” rating and set a $44.00 price objective on shares of Paypal Holdings in a report on Wednesday, September 14th. Finally, TheStreet began coverage on shares of Paypal Holdings in a report on Wednesday, August 10th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.21.

Paypal Holdings Company Profile

Related posts

Leave a Comment