Bradley Foster & Sargent Inc. CT reduced its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,067 shares of the credit services provider’s stock after selling 120 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in PayPal Holdings were worth $2,097,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Bangor Savings Bank boosted its stake in shares of PayPal Holdings by 0.3% in the 1st quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock valued at $537,000 after purchasing an additional 34 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of PayPal Holdings by 0.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares during the last quarter. Apriem Advisors boosted its stake in shares of PayPal Holdings by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of PayPal Holdings by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares during the last quarter. Finally, Train Babcock Advisors LLC boosted its stake in shares of PayPal Holdings by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on PYPL shares. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $46.00 price objective on shares of PayPal Holdings in a research note on Wednesday, May 24th. Stifel Nicolaus lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating and reduced their price objective for the company from $51.05 to $51.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Robert W. Baird reaffirmed an “outperform” rating and issued a $59.00 price objective (up from $54.00) on shares of PayPal Holdings in a research note on Saturday, June 3rd. Instinet upped their price objective on shares of PayPal Holdings from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, Wedbush reaffirmed an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, June 6th. Eleven investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $60.78.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.watchlistnews.com/bradley-foster-sargent-inc-ct-has-2-10-million-stake-in-paypal-holdings-inc-pypl/1577324.html.

In other news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last three months, insiders sold 262,702 shares of company stock valued at $15,375,804. 6.00% of the stock is owned by insiders.

PayPal Holdings, Inc. (NASDAQ:PYPL) opened at 64.74 on Thursday. The company’s 50-day moving average is $62.68 and its 200 day moving average is $62.68. PayPal Holdings, Inc. has a 52-week low of $38.06 and a 52-week high of $64.87. The company has a market cap of $77.84 billion, a price-to-earnings ratio of 52.21 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm earned $0.36 EPS. PayPal Holdings’s revenue was up 18.3% on a year-over-year basis. Equities analysts forecast that PayPal Holdings, Inc. will post $1.83 earnings per share for the current fiscal year.

PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Want to see what other hedge funds are holding PYPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PayPal Holdings, Inc. (NASDAQ:PYPL).

Institutional Ownership by Quarter for PayPal Holdings (NASDAQ:PYPL)

Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.