Investors Buy Large Volume of Put Options on PayPal (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) was the target of unusually large options trading on Tuesday. Investors acquired 156,558 put options on the stock. This represents an increase of 27% compared to the average daily volume of 122,887 put options.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. BMO Capital Markets dropped their price objective on PayPal from $137.00 to $109.00 and set an “outperform” rating for the company in a research report on Monday, November 7th. Credit Suisse Group dropped their price objective on PayPal from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. UBS Group dropped their price objective on PayPal from $143.00 to $136.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Mizuho dropped their target price on PayPal from $120.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, August 8th. Finally, Raymond James dropped their target price on PayPal from $123.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Thirteen analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.02.

Institutional Investors Weigh In On PayPal

Hedge funds and other institutional investors have recently modified their holdings of the stock. CVA Family Office LLC increased its holdings in PayPal by 67.4% during the 3rd quarter. CVA Family Office LLC now owns 2,385 shares of the credit services provider’s stock valued at $205,000 after purchasing an additional 960 shares during the period. IHT Wealth Management LLC increased its holdings in PayPal by 49.2% during the 3rd quarter. IHT Wealth Management LLC now owns 14,993 shares of the credit services provider’s stock valued at $1,290,000 after purchasing an additional 4,944 shares during the period. Dash Acquisitions Inc. increased its holdings in PayPal by 3.3% during the 3rd quarter. Dash Acquisitions Inc. now owns 18,027 shares of the credit services provider’s stock valued at $1,552,000 after purchasing an additional 573 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in PayPal by 30.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 65,710 shares of the credit services provider’s stock valued at $5,571,000 after purchasing an additional 15,217 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in PayPal during the 3rd quarter valued at about $20,488,000. Institutional investors own 70.67% of the company’s stock.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $79.91 on Wednesday. PayPal has a fifty-two week low of $67.58 and a fifty-two week high of $197.69. The stock has a fifty day moving average of $86.39 and a 200-day moving average of $84.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $91.10 billion, a PE ratio of 40.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.34.

PayPal (NASDAQ:PYPLGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The credit services provider reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. PayPal had a return on equity of 16.85% and a net margin of 8.50%. The firm had revenue of $6.85 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that PayPal will post 3.1 earnings per share for the current year.

About PayPal

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Read More

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.