Paypal Holdings Inc. (NASDAQ:PYPL) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 23,566,313 shares, a growth of 6.7% from the August 31st total of 22,085,413 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 10,950,130 shares, the short-interest ratio is currently 2.2 days.
Paypal Holdings (NASDAQ:PYPL) opened at 40.97 on Thursday. The firm has a market capitalization of $48.43 billion, a price-to-earnings ratio of 37.25 and a beta of 1.13. Paypal Holdings has a one year low of $30.52 and a one year high of $41.75. The firm’s 50-day moving average is $38.75 and its 200 day moving average is $38.42.
Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the firm posted $0.32 earnings per share. Analysts forecast that Paypal Holdings will post $1.50 EPS for the current fiscal year.
In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total value of $990,447.48. Following the completion of the transaction, the senior vice president now directly owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP William J. Ready sold 48,963 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the completion of the transaction, the senior vice president now directly owns 56,943 shares of the company’s stock, valued at $2,163,834. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. National Pension Service increased its position in shares of Paypal Holdings by 3.9% in the first quarter. National Pension Service now owns 659,018 shares of the company’s stock worth $25,438,000 after buying an additional 24,650 shares during the last quarter. Artemis Investment Management LLP increased its stake in 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 in the last quarter. Wellington Management Group LLP increased its stake in Paypal Holdings by 12.8% in the first quarter. Wellington Management Group LLP now owns 2,700,708 shares of the company’s stock valued at $104,248,000 after buying an additional 305,764 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in Paypal Holdings during the first quarter valued at approximately $606,807,000. Finally, Slate Path Capital LP increased its stake in Paypal Holdings by 13.1% in the first quarter. Slate Path Capital LP now owns 5,345,000 shares of the company’s stock valued at $206,317,000 after buying an additional 620,000 shares in the last quarter. 78.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. Credit Agricole SA set a $38.00 target price on shares of Paypal Holdings and gave the company a “sell” rating in a report on Thursday, September 15th. Canaccord Genuity cut shares of Paypal Holdings from a “buy” rating to a “hold” rating and dropped their target price for the company from $45.00 to $40.00 in a report on Monday, September 19th. Wells Fargo & Co. cut shares of Paypal Holdings from an “outperform” rating to a “market perform” rating in a report on Friday, July 22nd. Pacific Crest reaffirmed a “hold” rating on shares of Paypal Holdings in a report on Friday, July 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Paypal Holdings in a report on Friday, July 22nd. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.68.
Paypal Holdings Company Profile
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.
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.