Envestnet Asset Management Inc. Has $126.76 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Envestnet Asset Management Inc. increased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,485,198 shares of the credit services provider's stock after acquiring an additional 189,174 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.15% of PayPal worth $126,762,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in PayPal in the fourth quarter valued at approximately $1,086,508,000. Artisan Partners Limited Partnership raised its position in shares of PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after purchasing an additional 5,772,198 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after buying an additional 2,689,162 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of PayPal in the fourth quarter worth $135,537,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in PayPal by 144.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,059,341 shares of the credit services provider's stock valued at $175,765,000 after acquiring an additional 1,217,694 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

Remove Ads

PayPal Stock Up 2.0 %

Shares of PYPL stock traded up $1.24 on Friday, hitting $61.80. The company's stock had a trading volume of 5,080,387 shares, compared to its average volume of 11,439,855. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $61.13 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.27 and a beta of 1.60. PayPal Holdings, Inc. has a fifty-two week low of $55.85 and a fifty-two week high of $93.66. The firm's fifty day moving average price is $70.19 and its 200-day moving average price is $79.87.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business 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 firm earned $1.48 EPS. PayPal's quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated 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. 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. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

PYPL has been the topic of several research analyst reports. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods lowered their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price for the company in a research note on Friday, December 13th. Finally, Evercore ISI started coverage on shares of PayPal in a research report on Wednesday. They issued an "in-line" rating and a $65.00 price target on the stock. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.32.

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.