Coastwise Capital Group LLC Has $265,000 Stake in PayPal Holdings, Inc. (NASDAQ:PYPL)

Coastwise Capital Group LLC trimmed its holdings in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 9.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,100 shares of the credit services provider’s stock after selling 310 shares during the period. Coastwise Capital Group LLC’s holdings in PayPal were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PYPL. Narus Financial Partners LLC raised its holdings in shares of PayPal by 6.4% in the 4th quarter. Narus Financial Partners LLC now owns 4,098 shares of the credit services provider’s stock valued at $350,000 after purchasing an additional 245 shares during the period. Mediolanum International Funds Ltd boosted its holdings in shares of PayPal by 121.5% during the fourth quarter. Mediolanum International Funds Ltd now owns 61,176 shares of the credit services provider’s stock worth $5,213,000 after acquiring an additional 33,555 shares during the period. Crews Bank & Trust acquired a new position in shares of PayPal in the fourth quarter valued at approximately $341,000. OLD National Bancorp IN increased its stake in shares of PayPal by 14.3% during the fourth quarter. OLD National Bancorp IN now owns 104,640 shares of the credit services provider’s stock worth $8,931,000 after purchasing an additional 13,086 shares during the period. Finally, DMC Group LLC lifted its holdings in PayPal by 10.4% during the 4th quarter. DMC Group LLC now owns 7,793 shares of the credit services provider’s stock worth $665,000 after purchasing an additional 737 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent research reports. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Friday, December 13th. Canaccord Genuity Group increased their target price 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. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong 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 $89.48.

PayPal Stock Performance

NASDAQ PYPL opened at $89.57 on Friday. The company has a market capitalization of $89.80 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 1.49 and a beta of 1.44. PayPal Holdings, Inc. has a twelve month low of $55.77 and a twelve month high of $93.66. The stock has a fifty day simple moving average of $88.04 and a 200 day simple moving average of $78.53. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share. Sell-side analysts expect that PayPal Holdings, Inc. will post 4.58 EPS for the current 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.