Paypal Holdings Inc (PYPL) : Vontobel Asset Management Inc reduced its stake in Paypal Holdings Inc by 30.2% during the most recent quarter end. The investment management company now holds a total of 5,059,698 shares of Paypal Holdings Inc which is valued at $201,679,562 after selling 2,188,743 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.Paypal Holdings Inc makes up approximately 1.60% of Vontobel Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp boosted its stake in PYPL in the latest quarter, The investment management firm added 2,830 additional shares and now holds a total of 18,367 shares of Paypal Holdings Inc which is valued at $732,109. Paypal Holdings Inc makes up approx 0.05% of Cutler Group Lp’s portfolio.Capital Investment Services Of America boosted its stake in PYPL in the latest quarter, The investment management firm added 2,050 additional shares and now holds a total of 223,815 shares of Paypal Holdings Inc which is valued at $8,925,742. Paypal Holdings Inc makes up approx 1.71% of Capital Investment Services Of America’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in PYPL in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 286,597 shares of Paypal Holdings Inc which is valued at $11,429,488. Paypal Holdings Inc makes up approx 0.24% of Exxonmobil Investment Management Inc Tx’s portfolio. Simplex Trading sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 138,328 shares of PYPL which is valued $5,516,521.Sadoff Investment Management reduced its stake in PYPL by selling 6,942 shares or 1.71% in the most recent quarter. The Hedge Fund company now holds 398,216 shares of PYPL which is valued at $15,880,854. Paypal Holdings Inc makes up approx 1.76% of Sadoff Investment Management’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.