Envestnet Portfolio Solutions Inc. Increases Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Envestnet Portfolio Solutions Inc. grew its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 18.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,548 shares of the credit services provider’s stock after purchasing an additional 7,551 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in PayPal were worth $4,058,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter valued at about $26,000. Sugarloaf Wealth Management LLC boosted its holdings in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the period. Modus Advisors LLC bought a new stake in shares of PayPal in the fourth quarter worth about $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in PayPal during the 3rd quarter valued at about $36,000. Institutional investors own 68.32% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on PYPL shares. Barclays increased their price objective on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Piper Sandler reduced their price objective on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, February 26th. Finally, Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Price Performance

NASDAQ PYPL opened at $68.88 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal Holdings, Inc. has a 1-year low of $56.97 and a 1-year high of $93.66. The stock has a market capitalization of $68.14 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.27 and a beta of 1.52. The business’s fifty day moving average price is $79.18 and its 200-day moving average price is $80.97.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.