PayPal Holdings, Inc. (PYPL) Short Interest Up 11.5% in May

PayPal Holdings, Inc. (NASDAQ:PYPL) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 33,689,439 shares, a growth of 11.5% from the April 28th total of 30,228,128 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 8,009,749 shares, the short-interest ratio is presently 4.2 days.

PayPal Holdings (NASDAQ:PYPL) opened at 51.84 on Friday. The firm has a 50-day moving average of $50.82 and a 200 day moving average of $43.93. The stock has a market capitalization of $62.27 billion, a PE ratio of 44.31 and a beta of 0.95. PayPal Holdings has a one year low of $34.00 and a one year high of $55.14.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.94 billion. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share. On average, equities research analysts anticipate that PayPal Holdings will post $1.78 earnings per share for the current fiscal year.

In related news, EVP Gary J. Marino sold 13,535 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total value of $575,508.20. Following the completion of the transaction, the executive vice president now directly owns 39,405 shares of the company’s stock, valued at approximately $1,675,500.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gail J. Mcgovern sold 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total transaction of $97,146.00. Following the completion of the transaction, the director now directly owns 12,647 shares of the company’s stock, valued at $682,558.59. The disclosure for this sale can be found here. Insiders have sold a total of 16,685 shares of company stock valued at $743,502 over the last three months. Insiders own 6.00% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. raised its stake in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC bought a new stake in shares of PayPal Holdings during the first quarter valued at about $106,000. Carroll Financial Associates Inc. raised its stake in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock valued at $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings during the first quarter worth about $119,000. Finally, West Oak Capital LLC raised its stake in shares of PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the period. Hedge funds and other institutional investors own 81.93% of the company’s stock.

Several brokerages have commented on PYPL. Morgan Stanley raised their price target on shares of PayPal Holdings from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Instinet raised their price target on shares of PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, June 6th. Robert W. Baird raised their price target on shares of PayPal Holdings from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Barclays PLC raised their price objective on shares of PayPal Holdings from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, May 1st. Finally, Wedbush restated an “outperform” rating and set a $54.00 price objective on shares of PayPal Holdings in a research report on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. PayPal Holdings has a consensus rating of “Buy” and a consensus price target of $50.19.

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About PayPal Holdings

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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