Coppell Advisory Solutions LLC Has $3.61 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Coppell Advisory Solutions LLC grew its position in shares of 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 Securities & Exchange Commission. The fund owned 42,220 shares of the credit services provider's stock after buying an additional 40,876 shares during the period. Coppell Advisory Solutions LLC's holdings in PayPal were worth $3,607,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC bought a new stake in PayPal in the fourth quarter worth about $27,000. Sugarloaf Wealth Management LLC grew its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Modus Advisors LLC bought a new position in shares of PayPal in the fourth quarter valued at $37,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of PayPal during the fourth quarter worth $37,000. Institutional investors and hedge funds own 68.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on PYPL. Bank of America dropped their price objective on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup reissued an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods reduced their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research note on Monday, March 31st. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Finally, Barclays reduced their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $85.88.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm's 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 completion of the sale, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

PayPal Stock Up 3.7 %

Shares of NASDAQ PYPL opened at $64.77 on Friday. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week 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 business has a fifty day moving average of $67.03 and a two-hundred day moving average of $78.72. The stock has a market cap of $64.07 billion, a PE ratio of 16.15, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.48 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.