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

Radnor Capital Management LLC reduced its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL) by 1.3% during the 4th quarter, Holdings Channel reports. 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PYPL. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal during the 3rd quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp lifted its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 268 shares during the period. Finally, Financial Management Professionals Inc. boosted its holdings in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of analyst reports. BMO Capital Markets upped their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Macquarie upped their price target on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Keefe, Bruyette & Woods upped their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Citigroup increased their target price on PayPal from $94.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.16.

PayPal Stock Performance

NASDAQ:PYPL opened at $87.18 on Wednesday. The company’s 50-day moving average is $86.91 and its two-hundred day moving average is $76.31. The firm has a market capitalization of $87.40 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.66 and a beta of 1.44. 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 Holdings, Inc. has a 1-year low of $55.77 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.97 earnings per share. Analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.