Quent Capital LLC Has $214,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Quent Capital LLC cut its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,209 shares of the credit services provider’s stock after selling 524 shares during the quarter. Quent Capital LLC’s holdings in PayPal were worth $214,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PYPL. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of PayPal by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock valued at $144,215,000 after purchasing an additional 138,875 shares in the last quarter. Dakota Wealth Management raised its stake in shares of PayPal by 8.6% in the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock valued at $566,000 after purchasing an additional 387 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of PayPal by 15.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock valued at $793,000 after purchasing an additional 918 shares in the last quarter. Covestor Ltd raised its stake in shares of PayPal by 136.1% in the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 769 shares in the last quarter. Finally, Donaldson Capital Management LLC raised its stake in shares of PayPal by 5.3% in the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 155 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PYPL opened at $64.21 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. PayPal Holdings, Inc. has a 1 year low of $57.29 and a 1 year high of $95.64. The stock has a market cap of $70.51 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The stock’s 50-day moving average price is $66.04 and its two-hundred day moving average price is $68.38.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.16. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The firm had revenue of $7.29 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business earned $0.65 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings, Inc. will post 3.81 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $86.00 price target on shares of PayPal in a research report on Thursday, August 3rd. Canaccord Genuity Group lowered their price target on PayPal from $160.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, August 3rd. StockNews.com initiated coverage on PayPal in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. BTIG Research upped their price target on PayPal from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, Oppenheimer lowered their price target on PayPal from $89.00 to $77.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.03.

PayPal Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.