Investors Purchase Large Volume of PayPal Holdings Put Options (NASDAQ:PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) was the target of unusually large options trading activity on Tuesday. Traders acquired 1,098 put options on the company. This is an increase of approximately 220% compared to the typical daily volume of 343 put options.
In related news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the sale, the executive vice president now directly owns 37,491 shares in the company, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. Insiders have sold a total of 4,501 shares of company stock worth $240,989 in the last ninety days. 6.00% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in PYPL. Thompson Davis & CO. Inc. increased its position in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of PayPal Holdings during the first quarter worth approximately $106,000. Carroll Financial Associates Inc. increased its position in shares of PayPal Holdings by 41.7% in the first 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 in the last quarter. Stelac Advisory Services LLC purchased a new position in shares of PayPal Holdings during the first quarter worth approximately $119,000. Finally, West Oak Capital LLC increased its position in shares of PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares in the last quarter. Institutional investors and hedge funds own 81.86% of the company’s stock.
Shares of PayPal Holdings (NASDAQ PYPL) opened at 53.47 on Friday. The company has a market capitalization of $64.23 billion, a price-to-earnings ratio of 45.70 and a beta of 0.95. PayPal Holdings has a 1-year low of $35.72 and a 1-year high of $55.14. The firm’s 50-day moving average is $52.01 and its 200-day moving average is $44.86.
PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 26th. The credit services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. PayPal Holdings had a return on equity of 10.78% and a net margin of 12.60%. The business’s revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Analysts forecast that PayPal Holdings will post $1.78 earnings per share for the current fiscal year.
A number of analysts recently weighed in on PYPL shares. Piper Jaffray Companies decreased their target price on shares of PayPal Holdings from $32.00 to $29.00 and set a “hold” rating on the stock in a report on Monday, April 17th. Zacks Investment Research lowered shares of PayPal Holdings from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Robert W. Baird upped their target price on shares of PayPal Holdings from $48.00 to $53.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price on the stock in a report on Thursday, May 4th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $53.00 target price (up previously from $48.00) on shares of PayPal Holdings in a report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $51.73.
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About PayPal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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