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

Paypal Holdings Inc (PYPL) : Vontobel Asset Management Inc reduced its stake in Paypal Holdings Inc by 11.84% during the most recent quarter end. The investment management company now holds a total of 8,725,017 shares of Paypal Holdings Inc which is valued at $351,705,435 after selling 1,172,021 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Paypal Holdings Inc makes up approximately 2.76% of Vontobel Asset Management Inc’s portfolio.

Paypal Holdings Inc opened for trading at $39.72 and hit $40.635 on the upside on Friday, eventually ending the session at $40.31, with a gain of 0.52% or 0.21 points. The heightened volatility saw the trading volume jump to 64,33,904 shares. Company has a market cap of $49,286 M.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in PYPL in the latest quarter, The investment management firm added 1,244 additional shares and now holds a total of 162,797 shares of Paypal Holdings Inc which is valued at $6,280,708. Paypal Holdings Inc makes up approx 0.53% of Highland Capital Management’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in PYPL in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 91,575 shares of Paypal Holdings Inc which is valued at $3,532,964. Paypal Holdings Inc makes up approx 1.50% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Beese Fulmer Investment Management boosted its stake in PYPL in the latest quarter, The investment management firm added 6,714 additional shares and now holds a total of 70,378 shares of Paypal Holdings Inc which is valued at $2,715,183. Paypal Holdings Inc makes up approx 0.78% of Beese Fulmer Investment Management’s portfolio.Chevy Chase Trust Holdings boosted its stake in PYPL in the latest quarter, The investment management firm added 14,807 additional shares and now holds a total of 1,002,959 shares of Paypal Holdings Inc which is valued at $38,172,620. Paypal Holdings Inc makes up approx 0.22% of Chevy Chase Trust Holdings’s portfolio.

Many Wall Street Analysts have commented on Paypal Holdings Inc. Compass Point Initiated Paypal Holdings Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $40.Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 44 from a previous price target of $38 .Paypal Holdings Inc was Initiated by Bernstein to “Mkt Perform” on Mar 30, 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.

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