Coppell Advisory Solutions LLC Grows Stock Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Coppell Advisory Solutions LLC boosted its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 3,041.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,220 shares of the credit services provider's stock after buying an additional 40,876 shares during the quarter. Coppell Advisory Solutions LLC's holdings in PayPal were worth $3,607,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Anchor Investment Management LLC increased its position in PayPal by 9.9% during the 3rd quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock worth $2,748,000 after buying an additional 3,175 shares during the period. Boyar Asset Management Inc. bought a new position in shares of PayPal in the 3rd quarter valued at $208,000. World Investment Advisors LLC bought a new position in PayPal in the third quarter valued at about $5,296,000. Sfmg LLC acquired a new position in PayPal during the 3rd quarter worth approximately $234,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of PayPal by 196.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock valued at $798,000 after acquiring an additional 6,772 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

PayPal Stock Up 0.9 %

Shares of NASDAQ:PYPL traded up $0.57 on Friday, hitting $65.34. 8,679,009 shares of the company traded hands, compared to its average volume of 11,445,893. The stock has a 50 day simple moving average of $66.76 and a 200-day simple moving average of $78.59. The company has a market cap of $64.64 billion, a PE ratio of 16.29, a PEG ratio of 1.27 and a beta of 1.60. 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.

PayPal (NASDAQ:PYPL - Get Free Report) last released 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 return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same period last year, the firm posted $1.48 earnings per share. PayPal's revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Monness Crespi & Hardt reduced their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Morgan Stanley raised their price target on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird reduced their price objective on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.88.

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.