Beech Hill Advisors adds Paypal Holdings Inc (PYPL) to its portfolio

Paypal Holdings Inc (PYPL) : Beech Hill Advisors added new position in Paypal Holdings Inc during the most recent quarter end. The investment management firm now holds 64,850 shares of Paypal Holdings Inc which is valued at $2,597,243 , the company said in a statement filed on Jul 18, 2016 with the SEC.Paypal Holdings Inc makes up approximately 1.69% of Beech Hill Advisors’s portfolio.

Other Hedge Funds, Including , Barrett Asset Management boosted its stake in PYPL in the latest quarter, The investment management firm added 11,110 additional shares and now holds a total of 597,920 shares of Paypal Holdings Inc which is valued at $23,946,696. Paypal Holdings Inc makes up approx 2.00% of Barrett Asset Management’s portfolio.Shaker Investmentsoh boosted its stake in PYPL in the latest quarter, The investment management firm added 5,900 additional shares and now holds a total of 20,900 shares of Paypal Holdings Inc which is valued at $813,428. Paypal Holdings Inc makes up approx 0.72% of Shaker Investmentsoh’s portfolio.Levy Harkins Co Inc reduced its stake in PYPL by selling 8,950 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 250,519 shares of PYPL which is valued at $9,750,199. Paypal Holdings Inc makes up approx 4.25% of Levy Harkins Co Inc’s portfolio.Neville Rodie Shaw Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 77,100 additional shares and now holds a total of 83,500 shares of Paypal Holdings Inc which is valued at $3,279,880. Paypal Holdings Inc makes up approx 0.38% of Neville Rodie Shaw Inc’s portfolio.North Star Investment Management Corp. boosted its stake in PYPL in the latest quarter, The investment management firm added 4,000 additional shares and now holds a total of 39,695 shares of Paypal Holdings Inc which is valued at $1,559,220. Paypal Holdings Inc makes up approx 0.28% of North Star Investment Management Corp.’s portfolio.

Paypal Holdings Inc opened for trading at $39.44 and hit $40.45 on the upside on Wednesday, eventually ending the session at $40.05, with a gain of 1.73% or 0.68 points. The heightened volatility saw the trading volume jump to 1,11,89,094 shares. Company has a market cap of $48,542 M.

On the company’s financial health, Paypal Holdings Inc reported $0.37 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $2544.00 million for the quarter, compared to analysts expectations of $2499.93 million. The company’s revenue was up 19.0% compared to the same quarter last year.

Many Wall Street Analysts have commented on Paypal Holdings Inc. Shares were Reiterated by Barclays on Jul 7, 2016 to “Overweight” and Lowered the Price Target to $ 42 from a previous price target of $46 .Paypal Holdings Inc was Initiated by Needham to “Hold” on May 27, 2016. Company shares were Reiterated by Mizuho on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $40 .

PayPal Holdings Inc. (PayPal) is a technology platform company which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers merchants friends and family to access and move their money through its platform using various devices such as mobile tablets personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites mobile devices and applications and at offline retail locations through a range of payment solutions across its Payments Platform including PayPal PayPal Credit Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account a PayPal account balance a PayPal Credit account a credit or debit card or other stored value products such as coupons and gift cards.

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