On August 29, 2023 at 15:14:44 ET an unusually large $5,841.00K block of Put contracts in PayPal Holdings (PYPL) was bought, with a strike price of $160.00 / share, expiring in 143 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 3.19 sigmas above the mean, placing it in the 99.93th percentile of all recent large trades made in PYPL options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 2900 funds or institutions reporting positions in PayPal Holdings. This is a decrease of 212 owner(s) or 6.81% in the last quarter. Average portfolio weight of all funds dedicated to PYPL is 0.46%, a decrease of 9.18%. Total shares owned by institutions decreased in the last three months by 10.02% to 814,133K shares. 
The put/call ratio of PYPL is 0.47, indicating a bullish outlook.
Analyst Price Forecast Suggests 48.92% Upside
As of August 2, 2023, the average one-year price target for PayPal Holdings is 91.84. The forecasts range from a low of 58.58 to a high of $168.00. The average price target represents an increase of 48.92% from its latest reported closing price of 61.67.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for PayPal Holdings is 30,654MM, an increase of 7.35%. The projected annual non-GAAP EPS is 4.86.
What are Other Shareholders Doing?
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 34,796K shares representing 3.17% ownership of the company. In it’s prior filing, the firm reported owning 34,959K shares, representing a decrease of 0.47%. The firm decreased its portfolio allocation in PYPL by 19.30% over the last quarter.
Comprehensive Financial Management holds 29,662K shares representing 2.70% ownership of the company. No change in the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 26,565K shares representing 2.42% ownership of the company. In it’s prior filing, the firm reported owning 26,400K shares, representing an increase of 0.62%. The firm decreased its portfolio allocation in PYPL by 19.91% over the last quarter.
Polen Capital Management holds 22,163K shares representing 2.02% ownership of the company. In it’s prior filing, the firm reported owning 12,520K shares, representing an increase of 43.51%. The firm increased its portfolio allocation in PYPL by 46.28% over the last quarter.
Geode Capital Management holds 21,123K shares representing 1.92% ownership of the company. In it’s prior filing, the firm reported owning 20,947K shares, representing an increase of 0.83%. The firm decreased its portfolio allocation in PYPL by 19.85% over the last quarter.
PayPal Holdings Background Information
(This description is provided by the company.)
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make [nancial services and commerce more convenient, a ordable, and secure, the PayPal platform is empowering more than 375 million consumers and merchants in more than 200 markets to join and thrive in the global economy.
Additional reading:
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
