Sunnymeath Asset Management Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Sunnymeath Asset Management reduced its stake in Paypal Holdings Inc by 9.78% during the most recent quarter end. The investment management company now holds a total of 32,300 shares of Paypal Holdings Inc which is valued at $1,293,615 after selling 3,500 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Paypal Holdings Inc makes up approximately 1.83% of Sunnymeath Asset Management’s portfolio.

Other Hedge Funds, Including , Capital One National Association reduced its stake in PYPL by selling 345 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 7,631 shares of PYPL which is valued at $305,622. Paypal Holdings Inc makes up approx 0.02% of Capital One National Association’s portfolio.Davis R M Inc reduced its stake in PYPL by selling 6,370 shares or 35.92% in the most recent quarter. The Hedge Fund company now holds 11,363 shares of PYPL which is valued at $442,248. Paypal Holdings Inc makes up approx 0.02% of Davis R M Inc’s portfolio.Partnerre Asset Management Corp boosted its stake in PYPL in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 7,533 shares of Paypal Holdings Inc which is valued at $293,184. Paypal Holdings Inc makes up approx 0.15% of Partnerre Asset Management Corp’s portfolio.Gradient Investments reduced its stake in PYPL by selling 755 shares or 8.27% in the most recent quarter. The Hedge Fund company now holds 8,378 shares of PYPL which is valued at $326,072. Paypal Holdings Inc makes up approx 0.03% of Gradient Investments’s portfolio.Shaker Investmentsoh boosted its stake in PYPL in the latest quarter, The investment management firm added 5,900 additional shares and now holds a total of 20,900 shares of Paypal Holdings Inc which is valued at $813,428. Paypal Holdings Inc makes up approx 0.72% of Shaker Investmentsoh’s portfolio.

Paypal Holdings Inc opened for trading at $39.44 and hit $40.45 on the upside on Wednesday, eventually ending the session at $40.05, with a gain of 1.73% or 0.68 points. The heightened volatility saw the trading volume jump to 1,11,89,094 shares. Company has a market cap of $48,542 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 $2,650 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 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. 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 .

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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