Bradley Foster & Sargent Inc. CT Sells 1,471 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Bradley Foster & Sargent Inc. CT cut its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 5.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,337 shares of the credit services provider’s stock after selling 1,471 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in PayPal were worth $1,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pittenger & Anderson Inc. raised its position in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Verity Asset Management Inc. raised its position in PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after purchasing an additional 181 shares in the last quarter. Indiana Trust & Investment Management CO raised its position in PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock valued at $79,000 after purchasing an additional 184 shares in the last quarter. Checchi Capital Advisers LLC raised its position in PayPal by 3.1% during the 2nd quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 184 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its position in PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares in the last quarter. 68.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. Mizuho reissued an “outperform” rating and issued a $90.00 price target on shares of PayPal in a research report on Tuesday, August 20th. Robert W. Baird boosted their price target on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research report on Thursday. BMO Capital Markets boosted their price target on PayPal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company boosted their price target on PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average target price of $75.58.

PayPal Stock Up 1.9 %

Shares of PYPL opened at $73.12 on Thursday. PayPal Holdings, Inc. has a 52 week low of $50.25 and a 52 week high of $74.40. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $76.49 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 1.00 and a beta of 1.43. The stock’s 50-day moving average price is $66.33 and its 200-day moving average price is $64.17.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The company’s revenue was up 8.2% compared to the same quarter last year. On average, sell-side analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current 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.