Reliant Investment Management adds Paypal Holdings Inc (PYPL) to its portfolio

Paypal Holdings Inc (PYPL) : Reliant Investment Management added new position in Paypal Holdings Inc during the most recent quarter end. The investment management firm now holds 74,548 shares of Paypal Holdings Inc which is valued at $2,726,966 , the company said in a statement filed on Aug 1, 2016 with the SEC.Paypal Holdings Inc makes up approximately 2.38% of Reliant Investment Management’s portfolio.

Other Hedge Funds, Including , Pitcairn Co reduced its stake in PYPL by selling 25,235 shares or 48.01% in the most recent quarter. The Hedge Fund company now holds 27,325 shares of PYPL which is valued at $1,017,037. Paypal Holdings Inc makes up approx 0.13% of Pitcairn Co’s portfolio.Renaissance Investment Group boosted its stake in PYPL in the latest quarter, The investment management firm added 1,115 additional shares and now holds a total of 95,237 shares of Paypal Holdings Inc which is valued at $3,706,624. Paypal Holdings Inc makes up approx 1.77% of Renaissance Investment Group’s portfolio. West Oak Capital added PYPL to its portfolio by purchasing 1,725 company shares during the most recent quarter which is valued at $64,446. Paypal Holdings Inc makes up approx 0.05% of West Oak Capital’s portfolio.

Paypal Holdings Inc opened for trading at $36.82 and hit $37.39 on the upside on Thursday, eventually ending the session at $37.3, with a gain of 1.97% or 0.72 points. The heightened volatility saw the trading volume jump to 75,07,761 shares. Company has a market cap of $45,018 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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