PayPal Holdings, Inc. (NASDAQ:PYPL) was the target of unusually large options trading activity on Wednesday. Stock traders purchased 3,225 call options on the stock. This is an increase of 657% compared to the typical volume of 426 call options.

Hedge funds have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA grew its holdings in PayPal Holdings by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after acquiring an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in PayPal Holdings during the 3rd quarter worth $113,000. Kistler Tiffany Companies LLC grew its holdings in PayPal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after acquiring an additional 1,684 shares in the last quarter. Archford Capital Strategies LLC grew its holdings in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after acquiring an additional 1,281 shares in the last quarter. Finally, Balentine LLC grew its holdings in PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after acquiring an additional 780 shares in the last quarter. 83.08% of the stock is owned by institutional investors.

Shares of PayPal Holdings (NASDAQ PYPL) opened at $76.38 on Friday. The firm has a market cap of $93,390.00 and a price-to-earnings ratio of 53.21. PayPal Holdings has a fifty-two week low of $38.06 and a fifty-two week high of $78.01.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. research analysts predict that PayPal Holdings will post 1.37 EPS for the current year.

A number of equities research analysts recently weighed in on PYPL shares. Nomura boosted their price target on shares of PayPal Holdings from $57.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Deutsche Bank AG boosted their price target on shares of PayPal Holdings from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target for the company in a research report on Tuesday, July 25th. BTIG Research reissued a “buy” rating and issued a $63.00 price target on shares of PayPal Holdings in a research report on Monday, July 24th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $68.00 price target (up from $61.00) on shares of PayPal Holdings in a research report on Monday, July 24th. Eleven research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target 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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