Levy Harkins Co Inc buys $9.9 Million stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Levy Harkins Co Inc scooped up 40,240 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 26, 2016. The investment management firm now holds a total of 259,469 shares of Paypal Holdings Inc which is valued at $9.9 Million.Paypal Holdings Inc makes up approximately 4.20% of Levy Harkins Co Inc’s portfolio.

Other Hedge Funds, Including , Bangor Savings Bank boosted its stake in PYPL in the latest quarter, The investment management firm added 64 additional shares and now holds a total of 12,619 shares of Paypal Holdings Inc which is valued at $480,658. Paypal Holdings Inc makes up approx 0.12% of Bangor Savings Bank’s portfolio. Ahl Partners Llp sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 71,001 shares of PYPL which is valued $2.7 Million.Deimos Asset Management reduced its stake in PYPL by selling 11,900 shares or 44.24% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of PYPL which is valued at $592,200. Paypal Holdings Inc makes up approx 0.50% of Deimos Asset Management’s portfolio.Brown Advisory Inc reduced its stake in PYPL by selling 69,598 shares or 3.33% in the most recent quarter. The Hedge Fund company now holds 2,021,395 shares of PYPL which is valued at $79.8 Million. Paypal Holdings Inc makes up approx 0.28% of Brown Advisory Inc’s portfolio.Segment Wealth Management boosted its stake in PYPL in the latest quarter, The investment management firm added 658 additional shares and now holds a total of 6,214 shares of Paypal Holdings Inc which is valued at $245,329. Paypal Holdings Inc makes up approx 0.09% of Segment Wealth Management’s portfolio.

Paypal Holdings Inc opened for trading at $37.81 and hit $38.479 on the upside on Wednesday, eventually ending the session at $38.31, with a gain of 1.38% or 0.52 points. The heightened volatility saw the trading volume jump to 54,58,457 shares. Company has a market cap of $46,433 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 Initiated by Needham to “Hold” on May 27, 2016. 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 .

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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