Orion Portfolio Solutions LLC Purchases 4,787 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Orion Portfolio Solutions LLC lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,353 shares of the credit services provider's stock after purchasing an additional 4,787 shares during the period. Orion Portfolio Solutions LLC's holdings in PayPal were worth $2,420,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PYPL. New Age Alpha Advisors LLC bought a new position in PayPal in the 4th quarter worth $10,020,000. Powszechne Towarzystwo Emerytalne Allianz Polska S.A. purchased a new stake in PayPal in the fourth quarter worth about $3,079,000. Easterly Investment Partners LLC bought a new stake in PayPal during the 4th quarter valued at approximately $213,000. Norges Bank bought a new stake in PayPal during the 4th quarter valued at approximately $1,086,508,000. Finally, LM Advisors LLC raised its position in shares of PayPal by 27.4% in the 4th quarter. LM Advisors LLC now owns 14,705 shares of the credit services provider's stock worth $1,255,000 after acquiring an additional 3,160 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.14% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Susquehanna increased their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. StockNews.com cut shares of PayPal from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Finally, Keefe, Bruyette & Woods dropped their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday. Sixteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.13.

PayPal Price Performance

Shares of PayPal stock traded down $5.44 during trading on Thursday, reaching $61.71. 18,460,010 shares of the stock traded hands, compared to its average volume of 11,239,387. The company has a market capitalization of $61.05 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.27 and a beta of 1.60. The business has a fifty day simple moving average of $74.82 and a two-hundred day simple moving average of $80.74. 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 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the company earned $1.48 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Company 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.