Orion Portfolio Solutions LLC Sells 23,062 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Orion Portfolio Solutions LLC decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 21.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,810 shares of the credit services provider’s stock after selling 23,062 shares during the period. Orion Portfolio Solutions LLC’s holdings in PayPal were worth $5,298,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PYPL. Morgan Stanley increased its holdings in shares of PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after acquiring an additional 873,181 shares in the last quarter. Norges Bank acquired a new stake in PayPal during the 4th quarter worth approximately $749,561,000. Northern Trust Corp lifted its position in PayPal by 0.7% in the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after acquiring an additional 78,105 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in PayPal by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock worth $428,449,000 after purchasing an additional 265,116 shares during the period. Finally, FMR LLC increased its holdings in PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after purchasing an additional 1,575,930 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. TD Cowen raised their price target on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. JMP Securities boosted their price objective on shares of PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 1st. Canaccord Genuity Group decreased their target price on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Finally, Evercore ISI boosted their price target on shares of PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.73.

PayPal Trading Up 0.1 %

Shares of NASDAQ:PYPL opened at $61.64 on Monday. The business’s 50 day simple moving average is $64.79 and its 200 day simple moving average is $61.67. PayPal Holdings, Inc. has a 1 year low of $50.25 and a 1 year high of $76.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $64.48 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.01 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.86 earnings per share. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.13 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.