Ardent Capital Management Inc. Has $9.02 Million Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Ardent Capital Management Inc. decreased its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 105,667 shares of the credit services provider’s stock after selling 8,867 shares during the period. PayPal comprises 4.1% of Ardent Capital Management Inc.’s portfolio, making the stock its 7th largest holding. Ardent Capital Management Inc.’s holdings in PayPal were worth $9,019,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. FMR LLC increased its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the period. Mizuho Securities USA LLC increased its position in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the period. Primecap Management Co. CA increased its position in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares during the period. World Investment Advisors LLC purchased a new position in PayPal during the 3rd quarter valued at about $387,435,000. Finally, Robeco Institutional Asset Management B.V. increased its position in PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock valued at $361,316,000 after purchasing an additional 2,689,162 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $77.63 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a 50 day simple moving average of $85.73 and a two-hundred day simple moving average of $80.55. The stock has a market cap of $76.79 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, January 16th. BMO Capital Markets lifted their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price objective on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Canaccord Genuity Group lifted their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, February 5th. Thirteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.52.

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.