Traders Buy Large Volume of PayPal Holdings Call Options (PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) was the target of some unusual options trading on Wednesday. Stock investors purchased 3,225 call options on the stock. This represents an increase of 657% compared to the typical volume of 426 call options.
In related news, Director John J. Donahoe sold 170,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 6.00% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Kistler Tiffany Companies LLC lifted its position in PayPal Holdings by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares during the last quarter. Thompson Davis & CO. Inc. lifted its position in PayPal Holdings by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 1,807 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its position in PayPal Holdings by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares during the last quarter. MV Capital Management Inc. lifted its holdings in shares of PayPal Holdings by 7.2% in 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 last quarter. Finally, WMS Partners LLC bought a new stake in shares of PayPal Holdings in the 3rd quarter worth about $204,000. Institutional investors and hedge funds own 82.35% of the company’s stock.
PayPal Holdings (NASDAQ PYPL) opened at $73.39 on Friday. The stock has a market capitalization of $86.84 billion, a PE ratio of 51.61, a PEG ratio of 3.00 and a beta of 1.03.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter last year, the business earned $0.35 earnings per share. PayPal Holdings’s quarterly revenue was up 21.4% compared to the same quarter last year. research analysts expect that PayPal Holdings will post 1.37 EPS for the current year.
PYPL has been the subject of several recent analyst reports. Zacks Investment Research cut PayPal Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley upped their target price on PayPal Holdings from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, October 20th. Robert W. Baird restated a “buy” rating and set a $80.00 target price (up from $65.00) on shares of PayPal Holdings in a research note on Friday, October 20th. Bank of America Corporation restated a “buy” rating and set a $78.00 target price (up from $71.00) on shares of PayPal Holdings in a research note on Friday, October 6th. Finally, Credit Suisse Group restated an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.85.
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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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