PayPal Holdings Target of Unusually Large Options Trading (PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) saw some unusual options trading activity on Wednesday. Investors purchased 3,225 call options on the stock. This is an increase of 657% compared to the typical volume of 426 call options.
In other news, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The disclosure for this sale can be found here. Insiders have sold a total of 262,702 shares of company stock valued at $15,375,804 over the last three months. Corporate insiders own 6.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. lifted its holdings in shares of PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 649 shares during the period. Stelac Advisory Services LLC bought a new position in shares of PayPal Holdings during the 1st quarter worth about $119,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after acquiring an additional 1,808 shares during the period. Clean Yield Group bought a new position in shares of PayPal Holdings during the 1st quarter worth about $127,000. Finally, MV Capital Management Inc. lifted its holdings in shares of PayPal Holdings by 7.2% during the 2nd quarter. MV Capital Management Inc. now owns 2,963 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 199 shares during the period. 82.55% of the stock is owned by institutional investors.
PYPL has been the subject of several research reports. TheStreet raised shares of PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $54.78 price objective for the company in a research note on Wednesday, June 21st. BidaskClub cut shares of PayPal Holdings from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Instinet boosted their price objective on shares of PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, Citigroup Inc. reissued a “buy” rating and set a $62.00 price objective (up from $52.00) on shares of PayPal Holdings in a research note on Friday, June 9th. Eleven investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. PayPal Holdings currently has an average rating of “Buy” and a consensus price target of $60.54.
Shares of PayPal Holdings (PYPL) opened at 62.50 on Friday. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $63.26. The company’s 50 day moving average is $62.40 and its 200-day moving average is $53.58. The company has a market cap of $75.15 billion, a P/E ratio of 50.40 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the firm earned $0.36 EPS. Analysts expect that PayPal Holdings will post $1.84 EPS for the current fiscal year.
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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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