Pelham Capital Ltd. buys $5,262,684 stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Pelham Capital Ltd. scooped up 28,300 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 133,300 shares of Paypal Holdings Inc which is valued at $5,262,684.Paypal Holdings Inc makes up approximately 1.99% of Pelham Capital Ltd.’s portfolio.

Other Hedge Funds, Including , Capital Investment Counsel Inc reduced its stake in PYPL by selling 500 shares or 5.81% in the most recent quarter. The Hedge Fund company now holds 8,100 shares of PYPL which is valued at $319,788. Paypal Holdings Inc makes up approx 0.17% of Capital Investment Counsel Inc’s portfolio.Moody Lynn Lieberson reduced its stake in PYPL by selling 224,949 shares or 94.49% in the most recent quarter. The Hedge Fund company now holds 13,110 shares of PYPL which is valued at $517,583. Paypal Holdings Inc makes up approx 0.08% of Moody Lynn Lieberson’s portfolio.Handelsinvest Investeringsforvaltning boosted its stake in PYPL in the latest quarter, The investment management firm added 11,000 additional shares and now holds a total of 56,400 shares of Paypal Holdings Inc which is valued at $2,273,484. Paypal Holdings Inc makes up approx 0.76% of Handelsinvest Investeringsforvaltning’s portfolio.Gateway Investment Advisers reduced its stake in PYPL by selling 37,739 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 925,920 shares of PYPL which is valued at $37,323,835. Paypal Holdings Inc makes up approx 0.32% of Gateway Investment Advisers’s portfolio.

Paypal Holdings Inc opened for trading at $39.62 and hit $40.15 on the upside on Tuesday, eventually ending the session at $40.11, with a gain of 1.24% or 0.49 points. The heightened volatility saw the trading volume jump to 65,89,127 shares. Company has a market cap of $48,614 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. 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 .Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 46 from a previous price target of $42 .Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .

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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