Renaissance Investment Group buys $3,933,524 stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Renaissance Investment Group scooped up 5,108 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 100,345 shares of Paypal Holdings Inc which is valued at $3,933,524.Paypal Holdings Inc makes up approximately 1.92% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. added PYPL to its portfolio by purchasing 9,900 company shares during the most recent quarter which is valued at $387,981. Paypal Holdings Inc makes up approx 0.23% of Fox Run Management L.l.c.’s portfolio.Fisher Asset Management boosted its stake in PYPL in the latest quarter, The investment management firm added 1,645 additional shares and now holds a total of 292,143 shares of Paypal Holdings Inc which is valued at $11,644,820. Paypal Holdings Inc makes up approx 0.02% of Fisher Asset Management’s portfolio.Carroll Financial Associates reduced its stake in PYPL by selling 55 shares or 2.92% in the most recent quarter. The Hedge Fund company now holds 1,829 shares of PYPL which is valued at $72,904. Paypal Holdings Inc makes up approx 0.01% of Carroll Financial Associates’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in PYPL in the latest quarter, The investment management firm added 287,109 additional shares and now holds a total of 650,457 shares of Paypal Holdings Inc which is valued at $26,304,481. Paypal Holdings Inc makes up approx 0.11% of Bnp Paribas Arbitrage Sa’s portfolio.

Paypal Holdings Inc closed down -0.67 points or -1.68% at $39.19 with 99,55,667 shares getting traded on Tuesday. Post opening the session at $40.03, the shares hit an intraday low of $38.96 and an intraday high of $40.11 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. Shares were Downgraded by Canaccord Genuity on Sep 19, 2016 to ” Hold” and Lowered the Price Target to $ 40 from a previous price target of $45 .Craig Hallum Initiated Paypal Holdings Inc on Sep 15, 2016 to “Buy”, Price Target of the shares are set at $52.Paypal Holdings Inc was Downgraded by Wells Fargo to ” Market Perform” on Jul 22, 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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