Radnor Capital Management LLC Sells 21,535 Shares of PayPal Holdings, Inc. $PYPL

Radnor Capital Management LLC decreased its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 66.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,916 shares of the credit services provider’s stock after selling 21,535 shares during the period. Radnor Capital Management LLC’s holdings in PayPal were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in PayPal by 6.5% during the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock valued at $5,276,205,000 after acquiring an additional 5,534,462 shares during the last quarter. Capital Research Global Investors lifted its position in PayPal by 2.3% during the third quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after acquiring an additional 636,441 shares during the last quarter. Invesco Ltd. lifted its position in PayPal by 10.9% during the third quarter. Invesco Ltd. now owns 11,131,949 shares of the credit services provider’s stock valued at $746,508,000 after acquiring an additional 1,093,365 shares during the last quarter. Amundi lifted its position in PayPal by 1.6% during the third quarter. Amundi now owns 8,493,311 shares of the credit services provider’s stock valued at $605,488,000 after acquiring an additional 132,837 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in PayPal by 35.9% in the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after buying an additional 2,160,227 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.2%

Shares of NASDAQ:PYPL opened at $43.83 on Wednesday. PayPal Holdings, Inc. has a 52-week low of $38.46 and a 52-week high of $79.50. The stock has a market cap of $38.66 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.11 and a beta of 1.39. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $46.48 and a 200-day moving average price of $52.57.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The firm had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period last year, the business posted $1.33 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that PayPal Holdings, Inc. will post 5.3 EPS for the current year.

PayPal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, June 4th. PayPal’s dividend payout ratio (DPR) is presently 10.51%.

Insider Transactions at PayPal

In other news, EVP Frank Keller sold 29,581 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $1,361,317.62. Following the completion of the transaction, the executive vice president directly owned 51,567 shares in the company, valued at $2,373,113.34. This trade represents a 36.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $621,960.30. Following the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. This trade represents a 30.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,373 shares of company stock worth $2,684,341 over the last three months. 0.63% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on PYPL shares. Sanford C. Bernstein reiterated a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. HSBC cut PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their price target on PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Mizuho reiterated a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. Finally, Morgan Stanley decreased their price target on PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a research note on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.85.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.