PayPal Holdings Sees Unusually High Options Volume (PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) was the recipient of some unusual options trading on Wednesday. Stock traders purchased 3,225 call options on the company. This represents an increase of approximately 657% compared to the average volume of 426 call options.
In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 264,502 shares of company stock worth $15,472,950. Company insiders own 6.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. boosted its position in 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 during the last quarter. Stelac Advisory Services LLC purchased a new position in PayPal Holdings during the first quarter worth approximately $119,000. Harvest Fund Management Co. Ltd boosted its position in PayPal Holdings by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after buying an additional 1,808 shares during the last quarter. Clean Yield Group purchased a new position in PayPal Holdings during the first quarter worth approximately $127,000. Finally, MV Capital Management Inc. boosted its position in PayPal Holdings by 7.2% in the second quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after buying an additional 199 shares during the last quarter. Institutional investors own 82.55% of the company’s stock.
Shares of PayPal Holdings (NASDAQ:PYPL) opened at 61.46 on Friday. The stock’s 50 day moving average price is $59.40 and its 200 day moving average price is $50.59. The company has a market cap of $73.90 billion, a P/E ratio of 49.56 and a beta of 0.99. PayPal Holdings has a 12-month low of $37.02 and a 12-month high of $62.23.
PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. On average, analysts forecast that PayPal Holdings will post $1.83 EPS for the current year.
PYPL has been the topic of a number of recent analyst reports. Sanford C. Bernstein upgraded PayPal Holdings from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $46.00 to $61.00 in a research report on Monday, July 10th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 target price on the stock in a research report on Wednesday, May 17th. Stephens reiterated an “overweight” rating and issued a $59.00 target price (up previously from $51.00) on shares of PayPal Holdings in a research report on Monday, June 19th. Loop Capital reiterated a “hold” rating and issued a $49.00 target price on shares of PayPal Holdings in a research report on Wednesday, July 12th. Finally, Barclays PLC lifted their target price on PayPal Holdings from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. PayPal Holdings has an average rating of “Buy” and an average target price of $59.80.
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PayPal Holdings Company Profile
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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