Short Interest in Paypal Holdings Inc (PYPL) Rises By 39.2%

Paypal Holdings Inc (NASDAQ:PYPL) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 21,108,387 shares, a growth of 39.2% from the February 15th total of 15,168,495 shares. Approximately 1.9% of the shares of the company are sold short. Based on an average daily volume of 8,229,836 shares, the days-to-cover ratio is currently 2.6 days.

Several analysts recently issued reports on PYPL shares. Canaccord Genuity restated a “hold” rating and issued a $66.00 price target on shares of Paypal in a research note on Thursday, November 16th. Robert W. Baird boosted their price target on Paypal from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Vetr cut Paypal from a “buy” rating to a “hold” rating and set a $78.63 price objective for the company. in a report on Friday, November 17th. KeyCorp reaffirmed an “overweight” rating and issued a $85.00 price objective (up from $80.00) on shares of Paypal in a report on Friday, November 17th. Finally, Citigroup reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Paypal in a report on Friday, November 17th. Nine equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $76.97.

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In related news, COO William J. Ready sold 60,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $4,660,800.00. Following the completion of the sale, the chief operating officer now directly owns 95,944 shares in the company, valued at approximately $7,452,929.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Adele Louise Pentland sold 6,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 46,045 shares of the company’s stock, valued at $3,596,574.95. The disclosure for this sale can be found here. Insiders sold a total of 196,413 shares of company stock valued at $15,348,028 over the last 90 days. 6.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. San Francisco Sentry Investment Group CA increased its holdings in Paypal by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares in the last quarter. Arcadia Investment Management Corp MI grew its position in shares of Paypal by 230.4% in the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after buying an additional 1,000 shares during the last quarter. Truewealth LLC bought a new stake in shares of Paypal in the 4th quarter valued at about $106,000. Front Row Advisors LLC bought a new stake in shares of Paypal in the 4th quarter valued at about $111,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paypal in the 3rd quarter valued at about $113,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Paypal (PYPL) opened at $80.71 on Monday. Paypal has a fifty-two week low of $41.74 and a fifty-two week high of $86.32. The stock has a market capitalization of $96,860.00 and a PE ratio of 49.82.

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

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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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