Paypal Holdings (NASDAQ:PYPL).
Hosking Partners Llp says it bought 6,264 shares in quarter ending 09/30/2017 increasing its stake in Paypal Holdings (PYPL) by 0.4%. Its position was valued at $91,559,000 an increase of $15,150,000 as of quarter end.
Here are some institutional investors who have increased or decreased their stake in (PYPL). Tredje Ap-fonden grew its holdings by buying 22,350 shares an increase of 15.2% in the quarter. Tredje Ap-fonden currently owns 169,085 shares valued at $10,827,000. The total value of its holdings increased 37.5%. As of quarter end Thornburg Investment Management Inc had sold a total of 151,142 shares trimming its stake by 40.0%. The value of the investment in Paypal Holdings went from $20,301,000 to $14,542,000 decreasing 28.4% for the reporting period.
As of the end of the quarter Raymond James & Associates had acquired 81,022 shares growing its position 7.7%. The value of the investment in PYPL increased from $56,557,000 to $72,662,000 a change of 28.5% since the last quarter.
Equity analyst BMO Capital Markets raised the price target on October 20 changing the price objective from $70.00 to $80.00 and stated a “Outperform” rating. On October 20 Robert W. Baird left the stock rating at “Buy” with a current price target of $80.00.
BTIG Research raised the price target on October 20 boosting the projection from $70.00 to $81.00 with a rating of “Buy”. Equity analyst Stifel Nicolaus raised the price target of the stock on October 22 changing the forecast from $61.00 to $70.00 and issued a “Hold” rating.
October 22 investment analysts at Piper Jaffray Companies maintained a company rating of “Hold” targeting a price of $69.00. On October 23 Jefferies Group LLC made no change to the company rating of “Outperform” projecting a price of $80.00.
In the market the company is trading down from yesterday’s close of 74.49. Paypal Holdings’s P/E ratio is 57.42 and the market cap is 88.68B. In the last earnings report the EPS was $1.28 with 1.20B shares outstanding.
Traders are a little more bearish recently if you look at the uptick in short interest. The company recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 0.71%. Short shares increased 183,875 over that timeframe. With short interest at 26,237,614 and short average daily volume at 6,968,769, the short-interest ratio is 4.0 and the short interest percentage is 0.02% as of October 13.