Renaissance Investment Group buys $3.7 Million stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Renaissance Investment Group scooped up 5,365 additional shares in Paypal Holdings Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 94,122 shares of Paypal Holdings Inc which is valued at $3.7 Million.Paypal Holdings Inc makes up approximately 1.85% of Renaissance Investment Group’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group reduced its stake in PYPL by selling 337 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 13,488 shares of PYPL which is valued at $531,427. Paypal Holdings Inc makes up approx 0.11% of Beacon Financial Group’s portfolio.

Many Wall Street Analysts have commented on Paypal Holdings Inc. Paypal Holdings Inc was Initiated by Bernstein to “Mkt Perform” on Mar 30, 2016. Atlantic Equities Initiated Paypal Holdings Inc on Mar 29, 2016 to “Neutral”, Price Target of the shares are set at $43.Sterne Agee CRT Initiated Paypal Holdings Inc on Mar 24, 2016 to “Neutral”, Price Target of the shares are set at $46.

Paypal Holdings Inc closed down -0.35 points or -0.91% at $38.06 with 54,28,928 shares getting traded on Monday. Post opening the session at $38.33, the shares hit an intraday low of $38.03 and an intraday high of $38.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Leave a Reply

Paypal Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Paypal Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.