PayPal Holdings, Inc. (NASDAQ:PYPL) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 27,063,687 shares, a growth of 9.0% from the July 31st total of 24,819,738 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average trading volume of 6,956,925 shares, the days-to-cover ratio is presently 3.9 days.
Shares of PayPal Holdings (NASDAQ:PYPL) opened at 59.97 on Friday. PayPal Holdings has a one year low of $36.30 and a one year high of $61.30. The stock has a market capitalization of $72.11 billion, a P/E ratio of 48.36 and a beta of 0.99. The company’s 50 day moving average price is $58.61 and its 200 day moving average price is $49.86.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. On average, equities analysts expect that PayPal Holdings will post $1.83 earnings per share for the current year.
In other PayPal Holdings news, Director Gail J. Mcgovern sold 1,800 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the sale, the director now owns 12,647 shares of the company’s stock, valued at $682,558.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the sale, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. Insiders sold 265,852 shares of company stock valued at $15,543,798 in the last quarter. 6.00% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of PYPL. Thompson Davis & CO. Inc. increased 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. Stelac Advisory Services LLC bought a new stake in shares of PayPal Holdings during the first quarter valued at about $119,000. Harvest Fund Management Co. Ltd increased its stake in shares of PayPal Holdings by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the period. Finally, Clean Yield Group bought a new stake in shares of PayPal Holdings during the first quarter valued at about $127,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.
Several research firms have weighed in on PYPL. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 target price on the stock in a report on Thursday, August 10th. Zacks Investment Research lowered PayPal Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $70.00 target price on shares of PayPal Holdings in a report on Friday, July 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $57.00 target price on shares of PayPal Holdings in a report on Friday, July 28th. Finally, Loop Capital reissued a “hold” rating and issued a $51.00 target price (up previously from $49.00) on shares of PayPal Holdings in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have given a buy rating and two have given a strong buy rating to the stock. PayPal Holdings currently has an average rating of “Buy” and a consensus target price of $59.49.
PayPal Holdings 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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