Bremer Trust National Association decreased its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 10.3% during the second quarter, Holdings Channel reports. The fund owned 15,079 shares of the credit services provider’s stock after selling 1,728 shares during the period. Bremer Trust National Association’s holdings in PayPal Holdings were worth $809,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. boosted its position in PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after buying an additional 649 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in shares of PayPal Holdings during the first quarter valued at about $106,000. Carroll Financial Associates Inc. raised its stake in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock valued at $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings during the first quarter valued at about $119,000. Finally, Clean Yield Group acquired a new stake in shares of PayPal Holdings during the first quarter valued at about $127,000. Hedge funds and other institutional investors own 81.31% of the company’s stock.

Shares of PayPal Holdings, Inc. (NASDAQ PYPL) traded down 1.74% during trading on Thursday, hitting $58.63. 2,215,605 shares of the stock traded hands. The company has a 50-day moving average of $56.76 and a 200-day moving average of $48.28. The firm has a market cap of $70.50 billion, a P/E ratio of 47.28 and a beta of 0.99. PayPal Holdings, Inc. has a 52 week low of $36.30 and a 52 week high of $61.30.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. PayPal Holdings’s revenue was up 18.3% compared to the same quarter last year. On average, analysts forecast that PayPal Holdings, Inc. will post $1.84 EPS for the current fiscal year.

PayPal Holdings announced that its Board of Directors has initiated a stock buyback program on Wednesday, April 26th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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PYPL has been the topic of several analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a report on Friday, April 28th. BidaskClub raised shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Stifel Nicolaus reissued a “buy” rating and issued a $49.00 price target on shares of PayPal Holdings in a report on Sunday, April 23rd. Robert W. Baird reissued an “outperform” rating and issued a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a report on Saturday, April 29th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirty have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $59.49.

In related news, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gail J. Mcgovern sold 1,800 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the sale, the director now owns 12,647 shares of the company’s stock, valued at approximately $682,558.59. The disclosure for this sale can be found here. Insiders have sold 95,852 shares of company stock valued at $5,653,198 in the last quarter. 6.00% of the stock is currently owned by corporate insiders.

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.

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

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