Stock Traders Purchase High Volume of Call Options on PayPal Holdings (PYPL)
PayPal Holdings, Inc. (NASDAQ:PYPL) saw some unusual options trading on Wednesday. Investors purchased 3,225 call options on the company. This represents an increase of approximately 657% compared to the average volume of 426 call options.
Shares of PayPal Holdings (PYPL) opened at $76.38 on Friday. The company has a market capitalization of $93,390.00 and a price-to-earnings ratio of 53.21. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $78.01.
PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. PayPal Holdings’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 EPS. analysts forecast that PayPal Holdings will post 1.37 EPS for the current year.
Large investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in shares of PayPal Holdings by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after purchasing an additional 17,139 shares in the last quarter. Fundsmith LLP increased its stake in shares of PayPal Holdings by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after purchasing an additional 889,976 shares in the last quarter. Shikiar Asset Management Inc. increased its stake in shares of PayPal Holdings by 2,671.9% in the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after purchasing an additional 136,265 shares in the last quarter. Smith Asset Management Group LP purchased a new stake in shares of PayPal Holdings in the 2nd quarter worth $50,648,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of PayPal Holdings by 0.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 83.08% of the company’s stock.
A number of research analysts recently issued reports on the company. KeyCorp restated an “overweight” rating and set a $85.00 price target (up previously from $80.00) on shares of PayPal Holdings in a report on Friday. Vetr downgraded PayPal Holdings from a “buy” rating to a “hold” rating and set a $78.63 price target on the stock. in a report on Friday. Argus boosted their price target on PayPal Holdings from $80.00 to $87.00 and gave the company a “buy” rating in a report on Friday. Royal Bank Of Canada restated a “buy” rating on shares of PayPal Holdings in a report on Friday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $85.00 price target (up previously from $79.00) on shares of PayPal Holdings in a report on Friday. Eleven research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. PayPal Holdings has an average rating of “Buy” and a consensus target price of $72.43.
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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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