PayPal stock is trading -12.78% below its average target price of $88.35 after dropping -2.8% during today's morning session. Analysts are giving the Large-Cap Business Services company an average rating of buy and target prices ranging from $68.0 to $125.0 per share.
The stock has an average amount of shares sold short at 2.4%, and a short ratio of 2.19. The company's insiders own 0.22% 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 76.0% of PayPal's shares being owned by this investor type.
Institutions Invested in PayPal
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 87,758,619 | $6,762,678,965 |
| 2024-06-30 | Blackrock Inc. | 7% | 72,840,084 | $5,613,056,695 |
| 2024-06-30 | State Street Corporation | 4% | 43,998,589 | $3,390,531,160 |
| 2024-06-30 | Comprehensive Financial Management, LLC | 3% | 28,164,118 | $2,170,326,864 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 21,714,185 | $1,673,295,043 |
| 2024-06-30 | Morgan Stanley | 2% | 17,418,606 | $1,342,277,735 |
| 2024-06-30 | Amundi | 1% | 13,153,181 | $1,013,584,095 |
| 2024-06-30 | Deutsche Bank Aktiengesellschaft | 1% | 11,085,197 | $854,225,253 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 10,739,392 | $827,577,521 |
| 2024-06-30 | Bank of America Corporation | 1% | 9,695,344 | $747,123,184 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on PayPal.
