Radnor Capital Management LLC Takes $909,000 Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Radnor Capital Management LLC acquired a new stake in PayPal Holdings, Inc. (NASDAQ:PYPL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,620 shares of the credit services provider’s stock, valued at approximately $909,000.

Several other large investors have also made changes to their positions in PYPL. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of PayPal by 12.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock worth $144,215,000 after purchasing an additional 138,875 shares during the last quarter. Dakota Wealth Management increased its holdings in shares of PayPal by 8.6% in the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 387 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of PayPal by 15.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock worth $793,000 after purchasing an additional 918 shares during the last quarter. Covestor Ltd increased its holdings in shares of PayPal by 136.1% in the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 769 shares during the last quarter. Finally, Donaldson Capital Management LLC increased its holdings in shares of PayPal by 5.3% in the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock worth $358,000 after purchasing an additional 155 shares during the last quarter. 68.42% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Stock Up 1.4 %

Shares of PYPL traded up $0.91 during midday trading on Friday, hitting $65.35. 5,159,987 shares of the company’s stock traded hands, compared to its average volume of 15,228,724. PayPal Holdings, Inc. has a 1 year low of $57.29 and a 1 year high of $95.64. The firm’s fifty day moving average is $66.09 and its 200-day moving average is $68.48. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $71.76 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 0.95 and a beta of 1.34.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $1.16 EPS for the quarter, meeting the consensus estimate of $1.16. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The firm had revenue of $7.29 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 3.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PYPL shares. Truist Financial boosted their price objective on PayPal from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Oppenheimer reduced their price objective on PayPal from $89.00 to $77.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Sanford C. Bernstein reduced their price objective on PayPal from $85.00 to $70.00 in a research note on Monday, May 22nd. Jefferies Financial Group boosted their price objective on PayPal from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, July 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $86.00 price objective on shares of PayPal in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $92.03.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.