This afternoon we watched PayPal rise 5.9% to a price of $67.31 per share. The Large-Cap Business Services company is now trading -11.89% below its average target price of $76.39. Analysts have set target prices ranging from $60.0 to $120.0 per share for PayPal, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.2%, and a short ratio of 1.8. The company's insiders own 0.21% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 72.5% of PayPal's shares being owned by this investor type.
Institutions Invested in PayPal
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 90,183,034 | $6,069,769,130 |
| 2024-03-31 | Blackrock Inc. | 7% | 74,398,436 | $5,007,386,757 |
| 2024-03-31 | State Street Corporation | 4% | 44,594,880 | $3,001,458,412 |
| 2024-03-31 | Comprehensive Financial Management, LLC | 3% | 28,164,118 | $1,895,585,970 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 21,731,253 | $1,462,621,989 |
| 2024-03-31 | Morgan Stanley | 2% | 17,309,673 | $1,165,027,546 |
| 2023-12-31 | Norges Bank Investment Management | 1% | 12,205,841 | $821,514,132 |
| 2024-03-31 | Deutsche Bank Aktiengesellschaft | 1% | 10,383,242 | $698,844,105 |
| 2024-03-31 | Northern Trust Corporation | 1% | 9,741,552 | $655,655,160 |
| 2024-03-31 | Nuveen Asset Management, LLC | 1% | 9,331,856 | $628,080,570 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on PayPal.
