Handelsbanken Fonder Ab Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Handelsbanken Fonder Ab reduced its stake in Paypal Holdings Inc by 4.95% during the most recent quarter end. The investment management company now holds a total of 575,790 shares of Paypal Holdings Inc which is valued at $22,409,747 after selling 30,000 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Paypal Holdings Inc makes up approximately 0.89% of Handelsbanken Fonder Ab’s portfolio.

Other Hedge Funds, Including , Cim boosted its stake in PYPL in the latest quarter, The investment management firm added 845 additional shares and now holds a total of 236,492 shares of Paypal Holdings Inc which is valued at $9,204,269. Paypal Holdings Inc makes up approx 4.46% of Cim’s portfolio.Marathon Asset Management Llp boosted its stake in PYPL in the latest quarter, The investment management firm added 21,936 additional shares and now holds a total of 1,205,100 shares of Paypal Holdings Inc which is valued at $46,902,492. Paypal Holdings Inc makes up approx 0.97% of Marathon Asset Management Llp’s portfolio.Beacon Financial Group boosted its stake in PYPL in the latest quarter, The investment management firm added 810 additional shares and now holds a total of 14,298 shares of Paypal Holdings Inc which is valued at $561,625. Paypal Holdings Inc makes up approx 0.12% of Beacon Financial Group’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in PYPL in the latest quarter, The investment management firm added 14,597 additional shares and now holds a total of 285,497 shares of Paypal Holdings Inc which is valued at $10,666,168. Paypal Holdings Inc makes up approx 0.22% of Exxonmobil Investment Management Inc Tx’s portfolio. Iowa State Bank added PYPL to its portfolio by purchasing 725 company shares during the most recent quarter which is valued at $27,086. Paypal Holdings Inc makes up approx 0.01% of Iowa State Bank’s portfolio.

Paypal Holdings Inc closed down -0.17 points or -0.43% at $38.92 with 78,77,439 shares getting traded on Monday. Post opening the session at $39.13, the shares hit an intraday low of $38.73 and an intraday high of $39.22 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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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