Radnor Capital Management LLC Decreases Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Radnor Capital Management LLC trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,710 shares of the credit services provider’s stock after selling 385 shares during the period. Radnor Capital Management LLC’s holdings in PayPal were worth $2,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. World Investment Advisors LLC purchased a new position in PayPal during the third quarter worth $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal in the 3rd quarter worth about $810,000. FCG Investment Co purchased a new position in shares of PayPal during the 3rd quarter worth about $1,079,000. Equity Investment Corp grew its holdings in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. raised its position in PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 17,003 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL opened at $87.18 on Wednesday. The company has a market cap of $87.40 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm’s 50-day moving average price is $86.91 and its 200-day moving average price is $76.31. PayPal Holdings, Inc. has a 52-week low of $55.77 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent analyst reports. Mizuho boosted their target price on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Morgan Stanley lifted their target price on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Piper Sandler restated a “neutral” rating and issued a $88.00 price target on shares of PayPal in a report on Friday, November 22nd. Finally, UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.16.

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.