PayPal Holdings, Inc. (NASDAQ:PYPL) Stake Increased by Radnor Capital Management LLC

Radnor Capital Management LLC boosted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,095 shares of the credit services provider’s stock after purchasing an additional 1,395 shares during the period. Radnor Capital Management LLC’s holdings in PayPal were worth $2,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PYPL. Family Firm Inc. bought a new position in PayPal during the second quarter valued at about $29,000. SYSTM Wealth Solutions LLC grew its stake in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Tortoise Investment Management LLC grew its stake in shares of PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares during the period. CarsonAllaria Wealth Management Ltd. grew its stake in shares of PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the period. Finally, LRI Investments LLC bought a new stake in shares of PayPal in the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL stock opened at $79.25 on Wednesday. The stock has a market capitalization of $79.45 billion, a P/E ratio of 18.91, a PEG ratio of 1.38 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average is $76.78 and its 200 day moving average is $67.95. PayPal Holdings, Inc. has a 12 month low of $53.55 and a 12 month high of $83.70.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. UBS Group upped their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer assumed coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Robert W. Baird boosted their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Phillip Securities reissued an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Susquehanna boosted their target price on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $83.45.

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.