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

Radnor Capital Management LLC raised its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 30,095 shares of the credit services provider’s stock after purchasing an additional 1,395 shares during the quarter. 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 made changes to their positions in PYPL. Family Firm Inc. bought a new position in shares of PayPal in the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC increased its holdings 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 worth $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC increased its holdings 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 worth $30,000 after buying an additional 465 shares during the last quarter. CarsonAllaria Wealth Management Ltd. increased its holdings 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 worth $31,000 after buying an additional 185 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of PayPal in the 1st quarter worth $34,000. Institutional investors own 68.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PYPL. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Robert W. Baird increased their target price on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their target price on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Cowen increased their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Barclays increased their target price on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.45.

PayPal Trading Up 1.4 %

Shares of NASDAQ PYPL opened at $79.25 on Wednesday. PayPal Holdings, Inc. has a 1 year low of $53.55 and a 1 year high of $83.70. The stock has a market cap of $79.45 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 1.38 and a beta of 1.43. The firm has a 50-day moving average of $76.78 and a 200 day moving average of $67.95. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the company posted $0.97 EPS. PayPal’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

PayPal Company 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.