Fluent Financial LLC Has $584,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Fluent Financial LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 52.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,943 shares of the credit services provider’s stock after selling 9,942 shares during the quarter. Fluent Financial LLC’s holdings in PayPal were worth $584,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PYPL. Secure Asset Management LLC grew its holdings in shares of PayPal by 1,045.2% during the first quarter. Secure Asset Management LLC now owns 34,493 shares of the credit services provider’s stock worth $2,251,000 after purchasing an additional 31,481 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its stake in PayPal by 1.2% in the first quarter. Key Client Fiduciary Advisors LLC now owns 25,563 shares of the credit services provider’s stock valued at $1,668,000 after buying an additional 295 shares during the period. Teamwork Financial Advisors LLC acquired a new stake in shares of PayPal during the first quarter worth about $2,930,000. First Financial Corp IN raised its position in shares of PayPal by 8.2% during the first quarter. First Financial Corp IN now owns 12,196 shares of the credit services provider’s stock worth $796,000 after purchasing an additional 922 shares during the period. Finally, JBGlobal.com LLC raised its position in shares of PayPal by 3.9% during the first quarter. JBGlobal.com LLC now owns 8,079 shares of the credit services provider’s stock worth $527,000 after purchasing an additional 303 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays lowered their price target on PayPal from $110.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods cut their target price on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. Arete Research set a $81.00 price objective on PayPal in a research note on Thursday, March 27th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, April 30th. Finally, Compass Point started coverage on PayPal in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal currently has an average rating of “Hold” and an average target price of $83.29.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $72.80 on Thursday. The company has a 50-day simple moving average of $66.55 and a 200-day simple moving average of $76.41. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $70.80 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS 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.