PayPal Holdings, Inc. (NASDAQ:PYPL) Short Interest Update

PayPal Holdings, Inc. (NASDAQ:PYPL) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 32,930,000 shares, an increase of 32.5% from the January 31st total of 24,850,000 shares. Based on an average trading volume of 10,170,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.3% of the shares of the company are sold short.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On PayPal

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in PayPal by 20.1% during the third quarter. Farther Finance Advisors LLC now owns 8,890 shares of the credit services provider’s stock worth $694,000 after buying an additional 1,485 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in PayPal by 7.5% during the third quarter. Chicago Partners Investment Group LLC now owns 4,798 shares of the credit services provider’s stock worth $388,000 after buying an additional 334 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in PayPal by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 189,842 shares of the credit services provider’s stock worth $14,813,000 after buying an additional 840 shares in the last quarter. Lodestone Wealth Management LLC bought a new position in shares of PayPal in the third quarter worth about $213,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of PayPal by 139.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock worth $120,492,000 after acquiring an additional 899,476 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on PYPL. Piper Sandler decreased their target price on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Morgan Stanley upped their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Trading Down 3.3 %

Shares of NASDAQ:PYPL traded down $2.27 during trading on Tuesday, hitting $67.48. 19,975,314 shares of the company’s stock were exchanged, compared to its average volume of 12,101,239. The firm has a market cap of $66.75 billion, a P/E ratio of 16.83, a PEG ratio of 1.27 and a beta of 1.44. The firm has a 50-day moving average price of $83.27 and a two-hundred day moving average price of $81.17. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal has a 1-year low of $56.97 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the firm posted $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts predict that PayPal will post 5.03 earnings per share for the current year.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.