Fluent Financial LLC Increases Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fluent Financial LLC increased its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 178.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,885 shares of the credit services provider's stock after purchasing an additional 12,095 shares during the period. Fluent Financial LLC's holdings in PayPal were worth $1,612,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. J. Goldman & Co LP boosted its stake in PayPal by 11.9% in the fourth quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider's stock worth $22,304,000 after buying an additional 27,812 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its stake in PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after buying an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in PayPal by 223.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after buying an additional 183,011 shares in the last quarter. StoneX Group Inc. boosted its stake in PayPal by 70.4% in the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after buying an additional 11,260 shares in the last quarter. Finally, Ring Mountain Capital LLC purchased a new stake in PayPal in the fourth quarter worth approximately $581,000. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen raised PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Evercore ISI assumed coverage on PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective for the company. Morgan Stanley increased their price objective on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 26th. Robert W. Baird increased their price objective on PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Macquarie dropped their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, PayPal currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.68.

PayPal Stock Down 0.7%

Shares of NASDAQ:PYPL traded down $0.51 on Thursday, hitting $70.93. 7,057,769 shares of the company traded hands, compared to its average volume of 11,185,495. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $66.34 and a 200-day simple moving average of $76.93. The company has a market cap of $68.98 billion, a PE ratio of 17.69, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating 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 firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the company earned $1.08 earnings per share. The company's revenue was up 1.2% on a year-over-year basis. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share 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.