PayPal Holdings, Inc. (NASDAQ:PYPL) saw some unusual options trading activity on Tuesday. Stock traders bought 10,643 put options on the company. This represents an increase of 158% compared to the typical volume of 4,121 put options.
Shares of PayPal Holdings (NASDAQ PYPL) traded up 1.109% during trading on Tuesday, reaching $59.715. The company’s stock had a trading volume of 5,397,585 shares. PayPal Holdings has a 12-month low of $36.30 and a 12-month high of $61.30. The stock has a market capitalization of $71.80 billion, a PE ratio of 48.157 and a beta of 0.99. The firm’s 50-day moving average is $57.14 and its 200-day moving average is $48.69.
PayPal Holdings (NASDAQ:PYPL) last issued 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 business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the company earned $0.36 earnings per share. Equities analysts expect that PayPal Holdings will post $1.84 earnings per share for the current year.
PayPal Holdings announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 26th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the credit services provider to reacquire up to 9.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
Several equities research analysts have issued reports on PYPL shares. Jefferies Group LLC reiterated a “buy” rating and set a $52.00 target price on shares of PayPal Holdings in a research report on Friday, April 28th. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Stifel Nicolaus reiterated a “buy” rating and set a $49.00 target price on shares of PayPal Holdings in a research report on Sunday, April 23rd. Robert W. Baird reissued an “outperform” rating and set a $65.00 price target (up from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a research note on Saturday, April 29th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $59.49.
In other news, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the transaction, the executive vice president now directly owns 37,491 shares in the company, valued at $1,967,527.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred 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 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 sold 265,852 shares of company stock valued at $15,543,798 over the last 90 days. 6.00% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of PYPL. Kingfisher Capital LLC increased its stake in shares of PayPal Holdings by 1.9% in the second quarter. Kingfisher Capital LLC now owns 27,866 shares of the credit services provider’s stock valued at $1,496,000 after buying an additional 514 shares in the last quarter. Piedmont Investment Advisors LLC increased its stake in shares of PayPal Holdings by 26.7% in the second quarter. Piedmont Investment Advisors LLC now owns 304,414 shares of the credit services provider’s stock valued at $16,338,000 after buying an additional 64,232 shares in the last quarter. Albion Financial Group UT increased its stake in shares of PayPal Holdings by 1.4% in the second quarter. Albion Financial Group UT now owns 10,682 shares of the credit services provider’s stock valued at $573,000 after buying an additional 145 shares in the last quarter. EagleClaw Capital Managment LLC increased its stake in shares of PayPal Holdings by 1.3% in the second quarter. EagleClaw Capital Managment LLC now owns 74,650 shares of the credit services provider’s stock valued at $4,004,000 after buying an additional 950 shares in the last quarter. Finally, Chiron Investment Management LLC acquired a new stake in shares of PayPal Holdings during the second quarter valued at $4,208,000. 81.54% of the stock is owned by institutional investors and hedge funds.
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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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