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

Radnor Capital Management LLC boosted its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 29,931 shares of the credit services provider’s stock after buying an additional 221 shares during the period. Radnor Capital Management LLC’s holdings in PayPal were worth $1,953,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new position in PayPal in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. purchased a new position in PayPal in the fourth quarter valued at approximately $34,000. Pinney & Scofield Inc. purchased a new position in PayPal in the fourth quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in PayPal in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 1.3%

PayPal stock opened at $73.43 on Friday. The firm’s 50-day moving average is $66.84 and its 200-day moving average is $76.25. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal Holdings, Inc. has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a market cap of $71.41 billion, a P/E ratio of 18.31, a PEG ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the firm posted $1.08 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director now directly owns 13,976 shares in the company, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America cut their price target on shares of PayPal from $103.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods lowered their price objective on shares of PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Truist Financial initiated coverage on shares of PayPal in a research report on Monday, June 2nd. They issued a “sell” rating and a $68.00 price objective for the company. Compass Point initiated coverage on shares of PayPal in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 price objective for the company. Finally, UBS Group lowered their price objective on shares of PayPal from $88.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Hold” and an average target price of $83.29.

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.