Motley Fool Wealth Management LLC Decreases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Motley Fool Wealth Management LLC trimmed its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 471,837 shares of the credit services provider’s stock after selling 35,365 shares during the quarter. PayPal comprises approximately 1.5% of Motley Fool Wealth Management LLC’s portfolio, making the stock its 16th largest holding. Motley Fool Wealth Management LLC’s holdings in PayPal were worth $28,948,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of PayPal by 420.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after buying an additional 2,616,774 shares during the period. FMR LLC raised its position in shares of PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after buying an additional 1,575,930 shares during the period. LSV Asset Management increased its holdings in PayPal by 271.6% in the 3rd quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock valued at $89,637,000 after purchasing an additional 1,120,700 shares during the last quarter. Morgan Stanley increased its holdings in PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in PayPal by 56.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,395,312 shares of the credit services provider’s stock valued at $140,030,000 after purchasing an additional 864,684 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 2.9 %

Shares of PYPL traded up $1.86 during mid-day trading on Friday, reaching $65.96. 14,190,444 shares of the stock traded hands, compared to its average volume of 9,031,016. The firm has a market cap of $69.43 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.23 and a beta of 1.45. The stock has a fifty day simple moving average of $62.87 and a 200 day simple moving average of $60.18. PayPal Holdings, Inc. has a 12-month low of $50.25 and a 12-month high of $76.54. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Insider Activity

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s 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 sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PYPL. Morgan Stanley reiterated an “equal weight” rating and issued a $66.00 target price (down previously from $118.00) on shares of PayPal in a report on Tuesday, January 9th. BMO Capital Markets dropped their price target on shares of PayPal from $65.00 to $60.00 and set a “market perform” rating for the company in a research note on Thursday, February 8th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. JMP Securities boosted their price target on shares of PayPal from $68.00 to $70.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 17th. Finally, Stephens restated an “equal weight” rating and issued a $70.00 price target on shares of PayPal in a research note on Thursday, February 8th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.47.

About PayPal

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.