Paypal Holdings Inc (PYPL) Short Interest Update

Joanna Estrada
August 13, 2017

Other hedge funds and other institutional investors have also made changes to their positions in the company. Robert W. Baird upped their price objective on Paypal Holdings from $48.00 to $53.00 and gave the company an outperform rating in a research report on Friday, April 28th.

On July 19, 2017 the stock rating was set at "Hold" in a report from SunTrust Robinson Humphrey down from the previous "Buy" rating. (NYSE:PYPL). At the time of writing, the First Call consensus price target for the company is $63.38. The shares were last seen trading -2.77% lower, taking the closing price at $58.02 on August 10, 2017.

The company's P/E ratio is 46.8504 and the market cap is 69.85B. PayPal Holdings has a 1-year low of $36.30 and a 1-year high of $61.30. The stock closing price is now trading upward to its 50 day moving average with change of 8.22%, escalated to its 20 day moving average with figure of 2.51% and above its 200 day moving average with value 30.71%.

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, beating the Thomson Reuters' consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm's revenue for the quarter was up 18.3% compared to the same quarter previous year. During the same period in the prior year, the firm posted $0.36 earnings per share. So is with PayPal Holdings, Inc. "Lowers Paypal Holdings Inc (NASDAQ:PYPL) to Sell" was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another site, it was copied illegally and reposted in violation of USA and global copyright & trademark law. The legal version of this story can be read at https://sportsperspectives.com/2017/08/12/vetr-inc-downgrades-paypal-holdings-inc-nasdaqpypl-to-sell-updated-updated.html.

PayPal Holdings announced that its Board of Directors has authorized a share buyback plan on Wednesday, April 26th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to buy up to 9.3% of its stock through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

In other news, EVP Gary J. Marino sold 1,350 shares of Paypal Holdings stock in a transaction on Thursday, June 1st. Narrowing in, the stock is at a distance of -5.94% from the 50 day high and 25.32% off of the 50 day low.Covering sell-side analysts have recently weighed in on shares of JD.com, Inc. Following the completion of the transaction, the chief operating officer now owns 29,252 shares of the company's stock, valued at approximately $1,733,181. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. (NASDAQ:PYPL) recently. Gary J. Marino, EVP reported the sale of 1,351 shares of PYPL stock.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. After this sale, 37,149 common shares of PYPL are directly owned by the insider, with total stake valued at $2,155,385. The disclosure for this sale can be found here. Tightening the gaze, stock performance for the last 5 trading days is -0.68%. Institutional investors own 81.31% of the company's stock. As of quarter end Clal Insurance Enterprises Holdings Ltd had sold a total of 236,600 shares trimming its holdings by 22.9%. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider's stock valued at $332,000 after buying an additional 75 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of PayPal Holdings by 2.8% in the second quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider's stock worth $108,000 after buying an additional 740 shares during the last quarter. Howland Capital Management LLC increased its stake in shares of Paypal Holdings by 0.4% in the first quarter. Soros Fund Management LLC owned about 0.07% of Paypal Holdings worth $35,088,000 at the end of the most recent reporting period. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider's stock valued at $627,000 after buying an additional 10,250 shares in the last quarter. Finally, Franklin Street Advisors Inc. Finally, Clean Yield Group bought a new stake in shares of Paypal Holdings during the first quarter worth about $127,000. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider's stock worth $433,688,000 after buying an additional 4,054,993 shares in the last quarter.

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