The PayPal Holdings Sees Unusually High Options Volume (PYPL)

The PayPal Holdings Sees Unusually High Options Volume (PYPL)

In related news, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gail J. Mcgovern sold 1,800 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $53.97, for a total value of $97,146.00. Following the completion of the sale, the director now owns 12,647 shares of the company’s stock, valued at approximately $682,558.59. The disclosure for this sale can be found here. Insiders have sold 94,501 shares of company stock worth $5,573,489 in the last ninety days. 6.00% of the stock is currently owned by insiders.

PayPal Holdings, Inc. (NASDAQ:PYPL) was the target of some unusual options trading on Wednesday. Stock investors purchased 607 call options on the stock. This is an increase of approximately 121% compared to the average volume of 275 call options.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in PayPal Holdings by 3.5% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider’s stock worth $3,254,192,000 after buying an additional 2,549,683 shares in the last quarter. FMR LLC boosted its position in PayPal Holdings by 28.2% in the first quarter. FMR LLC now owns 60,453,931 shares of the credit services provider’s stock worth $2,600,728,000 after buying an additional 13,296,056 shares in the last quarter. BlackRock Inc. boosted its position in PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock worth $2,585,670,000 after buying an additional 58,026,239 shares in the last quarter. Edgewood Management LLC boosted its position in PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after buying an additional 663,087 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in PayPal Holdings by 15.4% in the first quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock worth $637,263,000 after buying an additional 1,982,305 shares in the last quarter. 81.26% of the stock is currently owned by institutional investors and hedge funds.

PayPal Holdings (NASDAQ:PYPL) traded down 0.649% during midday trading on Wednesday, hitting $58.955. The company had a trading volume of 4,506,710 shares. The firm has a market capitalization of $70.89 billion, a P/E ratio of 47.544 and a beta of 0.98. PayPal Holdings has a 52 week low of $36.28 and a 52 week high of $61.30. The firm’s 50 day moving average is $55.57 and its 200-day moving average is $47.60.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The business’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. On average, equities research analysts expect that PayPal Holdings will post $1.83 EPS for the current fiscal year.

PayPal Holdings declared that its board has approved a share buyback plan on Wednesday, April 26th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit services provider to reacquire up to 9.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

A number of equities research analysts recently commented on PYPL shares. Piper Jaffray Companies dropped their price objective on PayPal Holdings from $32.00 to $29.00 and set a “hold” rating for the company in a report on Monday, April 17th. Zacks Investment Research downgraded PayPal Holdings from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. Robert W. Baird upped their price objective on PayPal Holdings from $48.00 to $53.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $51.23 price target for the company in a report on Thursday, May 4th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $53.00 price target (up from $48.00) on shares of PayPal Holdings in a report on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $59.49.

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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