Otter Creek Advisors buys $17,224,380 stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Otter Creek Advisors scooped up 60,447 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 429,750 shares of Paypal Holdings Inc which is valued at $17,224,380.Paypal Holdings Inc makes up approximately 6.42% of Otter Creek Advisors’s portfolio.

Other Hedge Funds, Including , Parus Finance (uk) Ltd added PYPL to its portfolio by purchasing 142,000 company shares during the most recent quarter which is valued at $5,511,020. Paypal Holdings Inc makes up approx 0.88% of Parus Finance (uk) Ltd’s portfolio.Morningstar Investment Services boosted its stake in PYPL in the latest quarter, The investment management firm added 15,274 additional shares and now holds a total of 436,982 shares of Paypal Holdings Inc which is valued at $18,029,877. Paypal Holdings Inc makes up approx 0.53% of Morningstar Investment Services’s portfolio.Flossbach Von Storch Ag boosted its stake in PYPL in the latest quarter, The investment management firm added 1,221,760 additional shares and now holds a total of 3,016,750 shares of Paypal Holdings Inc which is valued at $125,677,805. Paypal Holdings Inc makes up approx 2.15% of Flossbach Von Storch Ag’s portfolio.Meeder Asset Management Inc reduced its stake in PYPL by selling 18,590 shares or 60.47% in the most recent quarter. The Hedge Fund company now holds 12,155 shares of PYPL which is valued at $484,134. Paypal Holdings Inc makes up approx 0.04% of Meeder Asset Management Inc’s portfolio.

Paypal Holdings Inc opened for trading at $40.08 and hit $40.57 on the upside on Monday, eventually ending the session at $40.08, with a gain of 0.50% or 0.2 points. The heightened volatility saw the trading volume jump to 95,21,525 shares. Company has a market cap of $48,362 M.

On the company’s financial health, Paypal Holdings Inc reported $0.35 EPS for the quarter, based on the information available during the earnings call on Oct 20, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $2667.00 million for the quarter, compared to analysts expectations of $2649.87 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Paypal Holdings Inc. Company shares were Upgraded by Stifel on Oct 21, 2016 to ” Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $43 .Company shares were Reiterated by Mizuho on Oct 21, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $46 .Company shares were Reiterated by Barclays on Oct 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 47 from a previous price target of $42 .

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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