Baldwin Brothers Incma buys $16,923,990 stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Baldwin Brothers Incma scooped up 141 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 439,470 shares of Paypal Holdings Inc which is valued at $16,923,990.Paypal Holdings Inc makes up approximately 3.38% of Baldwin Brothers Incma’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in PYPL by selling 434,759 shares or 4.57% in the most recent quarter. The Hedge Fund company now holds 9,072,292 shares of PYPL which is valued at $349,373,965. Paypal Holdings Inc makes up approx 0.26% of Tiaa Cref Investment Management’s portfolio.Edmond De Rothschild Holding S.a. reduced its stake in PYPL by selling 1,389 shares or 0.64% in the most recent quarter. The Hedge Fund company now holds 217,079 shares of PYPL which is valued at $8,359,712. Paypal Holdings Inc makes up approx 0.27% of Edmond De Rothschild Holding S.a.’s portfolio. Cornerstone Financial Partners sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 13,096 shares of PYPL which is valued $479,052.Kanaly Trust Co boosted its stake in PYPL in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 449 shares of Paypal Holdings Inc which is valued at $16,802.Hills Bank Trust Co reduced its stake in PYPL by selling 1,890 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 32,365 shares of PYPL which is valued at $1,296,218. Paypal Holdings Inc makes up approx 0.46% of Hills Bank Trust Co’s portfolio.

Paypal Holdings Inc closed down -0.25 points or -0.66% at $37.86 with 60,66,416 shares getting traded on Tuesday. Post opening the session at $38.42, the shares hit an intraday low of $37.8 and an intraday high of $38.43 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Paypal Holdings Inc was Downgraded by Wells Fargo to ” Market Perform” on Jul 22, 2016. 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.

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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