Paypal Holdings Inc (PYPL) Sees Large Decrease in Short Interest

Paypal Holdings Inc (NASDAQ:PYPL) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 19,366,330 shares, a decline of 26.2% from the October 13th total of 26,237,614 shares. Based on an average trading volume of 12,225,750 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the shares of the company are sold short.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Paypal Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Vetr upgraded Paypal Holdings from a “hold” rating to a “buy” rating and set a $76.80 price target for the company in a research note on Tuesday, October 31st. Jefferies Group LLC restated an “outperform” rating and issued a $80.00 price target on shares of Paypal Holdings in a research note on Monday, October 23rd. Piper Jaffray Companies restated a “hold” rating and issued a $69.00 price target on shares of Paypal Holdings in a research note on Sunday, October 22nd. Finally, Stifel Nicolaus boosted their price target on Paypal Holdings from $61.00 to $70.00 and gave the company a “hold” rating in a research note on Sunday, October 22nd. Ten investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. Paypal Holdings has an average rating of “Buy” and a consensus target price of $69.85.

Shares of Paypal Holdings (NASDAQ:PYPL) opened at $74.49 on Wednesday. Paypal Holdings has a 52-week low of $38.06 and a 52-week high of $75.45. The company has a market capitalization of $88,929.32, a PE ratio of 52.85, a price-to-earnings-growth ratio of 3.07 and a beta of 1.03.

Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Paypal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was up 21.4% on a year-over-year basis. equities analysts expect that Paypal Holdings will post 1.37 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in PYPL. San Francisco Sentry Investment Group CA boosted its position in shares of Paypal Holdings by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paypal Holdings during the 3rd quarter valued at about $113,000. Kistler Tiffany Companies LLC boosted its position in shares of Paypal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares in the last quarter. Archford Capital Strategies LLC boosted its position in shares of Paypal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after purchasing an additional 1,281 shares in the last quarter. Finally, Balentine LLC boosted its position in shares of Paypal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after purchasing an additional 780 shares in the last quarter. Institutional investors own 83.08% of the company’s stock.

WARNING: “Paypal Holdings Inc (PYPL) Sees Large Decrease in Short Interest” was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/11/15/paypal-holdings-inc-pypl-sees-large-decrease-in-short-interest.html.

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.

Receive News & Ratings for Paypal Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply