Diversified Trust Co Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Diversified Trust Co reduced its stake in Paypal Holdings Inc by 60.15% during the most recent quarter end. The investment management company now holds a total of 51,706 shares of Paypal Holdings Inc which is valued at $1,924,497 after selling 78,059 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Paypal Holdings Inc makes up approximately 0.26% of Diversified Trust Co’s portfolio.

Other Hedge Funds, Including , American Century Companies Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 27,712 additional shares and now holds a total of 514,502 shares of Paypal Holdings Inc which is valued at $19,149,764. Paypal Holdings Inc makes up approx 0.02% of American Century Companies Inc’s portfolio.Yhb Investment Advisors boosted its stake in PYPL in the latest quarter, The investment management firm added 3,330 additional shares and now holds a total of 54,003 shares of Paypal Holdings Inc which is valued at $2,020,792. Paypal Holdings Inc makes up approx 0.43% of Yhb Investment Advisors’s portfolio.Country Club Trust Company N.a. reduced its stake in PYPL by selling 1,400 shares or 6.45% in the most recent quarter. The Hedge Fund company now holds 20,300 shares of PYPL which is valued at $759,626. Paypal Holdings Inc makes up approx 0.11% of Country Club Trust Company N.a.’s portfolio.Farmers Merchants Investments Inc reduced its stake in PYPL by selling 64 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 88,857 shares of PYPL which is valued at $3,558,723. Paypal Holdings Inc makes up approx 0.38% of Farmers Merchants Investments Inc’s portfolio.Highland Capital Management reduced its stake in PYPL by selling 709 shares or 0.44% in the most recent quarter. The Hedge Fund company now holds 162,088 shares of PYPL which is valued at $6,491,624. Paypal Holdings Inc makes up approx 0.54% of Highland Capital Management’s portfolio.

Paypal Holdings Inc opened for trading at $37.41 and hit $37.48 on the upside on Friday, eventually ending the session at $37.24, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 68,50,060 shares. Company has a market cap of $44,946 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. 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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