PayPal (NASDAQ:PYPL) was the target of a significant decrease in short interest in the month of April. As of April 13th, there was short interest totalling 12,051,852 shares, a decrease of 21.3% from the March 30th total of 15,306,064 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,581,344 shares, the days-to-cover ratio is currently 1.6 days.

Shares of PYPL stock opened at $74.13 on Friday. PayPal has a fifty-two week low of $46.87 and a fifty-two week high of $86.32. The stock has a market capitalization of $87,851.40, a price-to-earnings ratio of 53.33, a PEG ratio of 2.44 and a beta of 1.28.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. PayPal had a return on equity of 12.19% and a net margin of 13.92%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm posted $0.44 EPS. The business’s revenue was up 23.9% compared to the same quarter last year. sell-side analysts anticipate that PayPal will post 1.73 earnings per share for the current year.

In other news, CAO Aaron Anderson sold 3,843 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $77.98, for a total value of $299,677.14. Following the completion of the sale, the chief accounting officer now owns 17,561 shares in the company, valued at $1,369,406.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David M. Moffett sold 3,808 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total value of $296,490.88. Following the completion of the sale, the director now owns 66,320 shares of the company’s stock, valued at approximately $5,163,675.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 222,413 shares of company stock valued at $17,321,428. Insiders own 6.00% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Arcadia Investment Management Corp MI increased its holdings in shares of PayPal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after acquiring an additional 1,000 shares during the last quarter. Truewealth LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $106,000. Front Row Advisors LLC acquired a new position in shares of PayPal during the 4th quarter valued at about $111,000. Risk Paradigm Group LLC increased its holdings in shares of PayPal by 282.5% during the 4th quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after acquiring an additional 1,130 shares during the last quarter. Finally, D Orazio & Associates Inc. increased its holdings in shares of PayPal by 142.9% during the 4th quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock valued at $125,000 after acquiring an additional 1,000 shares during the last quarter. 81.50% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on the company. Stifel Nicolaus upped their target price on PayPal from $77.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, February 1st. BTIG Research downgraded PayPal from a “buy” rating to a “neutral” rating in a report on Thursday, February 1st. Nomura upped their target price on PayPal to $97.00 and gave the company a “buy” rating in a report on Thursday, March 15th. Jefferies Group upped their target price on PayPal from $86.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $91.00 target price (up from $85.00) on shares of PayPal in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty-four have issued a buy rating to the stock. PayPal has a consensus rating of “Buy” and an average price target of $79.48.

About PayPal

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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