Paypal Stake Inc (PYPL) Sees Large Growth in Short Interest

Paypal Stake Inc (PYPL) Sees Large Growth in Short Interest

Paypal Holdings Inc (NASDAQ:PYPL) was the target of a significant 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 stock are sold short. Based on an average daily volume of 8,009,749 shares, the days-to-cover ratio is presently 4.2 days.

In related news, EVP Gary J. Marino sold 13,535 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $42.52, for a total transaction of $575,508.20. Following the completion of the sale, the executive vice president now owns 39,405 shares of the company’s stock, valued at $1,675,500.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of PYPL. Price T Rowe Associates Inc. MD boosted its position in Paypal Holdings by 128.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 76,139,003 shares of the credit services provider’s stock valued at $3,119,415,000 after buying an additional 42,783,928 shares during the period. Vanguard Group Inc. boosted its stake in shares of Paypal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock valued at $3,254,192,000 after buying an additional 2,549,683 shares during the last quarter. FMR LLC boosted its stake in shares of Paypal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock valued at $2,600,728,000 after buying an additional 13,296,056 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Paypal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after buying an additional 58,026,239 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Paypal Holdings by 0.7% in the fourth quarter. State Street Corp now owns 46,257,876 shares of the credit services provider’s stock valued at $1,825,798,000 after buying an additional 307,533 shares during the last quarter. 81.22% of the stock is currently owned by hedge funds and other institutional investors.

PYPL has been the subject of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Wednesday, February 15th. Deutsche Bank AG reaffirmed a “buy” rating and set a $52.00 price objective on shares of Paypal Holdings in a research report on Saturday, March 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $49.00 price objective on shares of Paypal Holdings in a research report on Friday, February 17th. Vetr cut shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $46.96 price objective for the company. in a research report on Thursday, February 16th. Finally, BTIG Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Paypal Holdings in a research report on Thursday, February 16th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.01.

Paypal Holdings (NASDAQ:PYPL) opened at 53.16 on Friday. The company has a market capitalization of $63.86 billion, a PE ratio of 45.44 and a beta of 0.91. Paypal Holdings has a 12-month low of $34.00 and a 12-month high of $53.39. The firm’s 50 day moving average price is $48.12 and its 200-day moving average price is $42.90.

Paypal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.01. Paypal Holdings had a net margin of 12.92% and a return on equity of 10.69%. The business had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm posted $0.37 earnings per share. Paypal Holdings’s quarterly revenue was up 16.9% on a year-over-year basis. On average, equities analysts anticipate that Paypal Holdings will post $1.78 earnings per share for the current fiscal year.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:PYPL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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