Audent Global Asset Management LLC Has $3.24 Million Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Audent Global Asset Management LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 164.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,942 shares of the credit services provider's stock after acquiring an additional 23,604 shares during the quarter. PayPal accounts for 2.1% of Audent Global Asset Management LLC's holdings, making the stock its 16th biggest position. Audent Global Asset Management LLC's holdings in PayPal were worth $3,238,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. JFS Wealth Advisors LLC grew its stake in PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 125 shares in the last quarter. Avalon Trust Co boosted its holdings in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after buying an additional 135 shares during the last quarter. Security National Bank of SO Dak grew its stake in shares of PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after buying an additional 137 shares in the last quarter. Stegent Equity Advisors Inc. increased its holdings in PayPal by 3.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock worth $388,000 after buying an additional 142 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its stake in PayPal by 5.1% in the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider's stock valued at $257,000 after acquiring an additional 145 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 1.1%

Shares of PYPL stock traded down $0.75 during mid-day trading on Friday, reaching $70.18. 4,519,612 shares of the stock traded hands, compared to its average volume of 11,171,966. The company has a market cap of $68.26 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The stock's fifty day simple moving average is $66.34 and its two-hundred day simple moving average is $76.82. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the company earned $1.08 EPS. PayPal's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PYPL. Evercore ISI assumed coverage on shares of PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. BMO Capital Markets cut their price objective on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Keefe, Bruyette & Woods dropped their price objective on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research report on Monday, March 31st. Finally, Seaport Res Ptn downgraded shares of PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $83.68.

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.