Paypal Holdings Inc (NASDAQ:PYPL) Short Interest Down 6.3% in June

Paypal Holdings Inc (NASDAQ:PYPL) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 13,377,800 shares, a decline of 6.3% from the May 15th total of 14,278,300 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 5,960,000 shares, the days-to-cover ratio is presently 2.2 days.

Several equities analysts recently issued reports on the company. KeyCorp boosted their price objective on Zynga from $5.00 to $6.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Nomura boosted their target price on Visa from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. BidaskClub upgraded Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research note on Friday, May 17th. Zacks Investment Research cut GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. Finally, Robert W. Baird boosted their target price on Facebook from $195.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Ten equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Paypal currently has an average rating of “Buy” and a consensus price target of $111.18.

Shares of Paypal stock opened at $120.12 on Friday. Paypal has a 52 week low of $74.66 and a 52 week high of $121.00. The firm has a 50 day moving average price of $114.43. The firm has a market capitalization of $141.13 billion, a PE ratio of 67.11, a PEG ratio of 2.98 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.11. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. Paypal’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Equities analysts expect that Paypal will post 2.26 earnings per share for the current year.

In other news, EVP Adele Louise Pentland sold 11,520 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $109.07, for a total transaction of $1,256,486.40. Following the completion of the transaction, the executive vice president now directly owns 63,408 shares in the company, valued at approximately $6,915,910.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jonathan Auerbach sold 8,730 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $113.80, for a total value of $993,474.00. Following the completion of the transaction, the executive vice president now owns 120,470 shares of the company’s stock, valued at $13,709,486. The disclosure for this sale can be found here. Insiders have sold a total of 180,714 shares of company stock valued at $19,911,348 over the last 90 days. Corporate insiders own 0.15% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. CX Institutional grew its position in Paypal by 605.7% during the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after buying an additional 321 shares in the last quarter. Actinver Wealth Management Inc. purchased a new position in shares of Paypal in the 4th quarter worth about $560,000. Western Wealth Management LLC purchased a new position in shares of Paypal in the 4th quarter worth about $474,000. Dorsey Wright & Associates purchased a new position in shares of Paypal in the 1st quarter worth about $1,836,000. Finally, B & T Capital Management DBA Alpha Capital Management boosted its holdings in shares of Paypal by 1.5% in the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 17,570 shares of the credit services provider’s stock worth $1,477,000 after purchasing an additional 267 shares in the last quarter. Institutional investors and hedge funds own 80.87% of the company’s stock.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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