Weatherly Asset Management L. P. buys $1,553,951 stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Weatherly Asset Management L. P. scooped up 8,320 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 38,550 shares of Paypal Holdings Inc which is valued at $1,553,951.Paypal Holdings Inc makes up approximately 0.53% of Weatherly Asset Management L. P.’s portfolio.

Paypal Holdings Inc opened for trading at $39.68 and hit $40.18 on the upside on Wednesday, eventually ending the session at $40.01, with a gain of 0.70% or 0.28 points. The heightened volatility saw the trading volume jump to 1,27,27,635 shares. Company has a market cap of $48,919 M.

Other Hedge Funds, Including , Appleton Partners Incma boosted its stake in PYPL in the latest quarter, The investment management firm added 6,631 additional shares and now holds a total of 205,755 shares of Paypal Holdings Inc which is valued at $8,293,984. Paypal Holdings Inc makes up approx 1.62% of Appleton Partners Incma’s portfolio.Leavell Investment Management boosted its stake in PYPL in the latest quarter, The investment management firm added 125 additional shares and now holds a total of 5,905 shares of Paypal Holdings Inc which is valued at $238,031. Paypal Holdings Inc makes up approx 0.04% of Leavell Investment Management’s portfolio.Vontobel Asset Management Inc reduced its stake in PYPL by selling 1,172,021 shares or 11.84% in the most recent quarter. The Hedge Fund company now holds 8,725,017 shares of PYPL which is valued at $351,705,435. Paypal Holdings Inc makes up approx 2.76% of Vontobel Asset Management Inc’s portfolio.Perkins Coie Trust Co reduced its stake in PYPL by selling 1,790 shares or 7.96% in the most recent quarter. The Hedge Fund company now holds 20,688 shares of PYPL which is valued at $798,143. Paypal Holdings Inc makes up approx 0.54% of Perkins Coie Trust Co’s portfolio.Guinness Atkinson Asset Management Inc reduced its stake in PYPL by selling 21,060 shares or 13.35% in the most recent quarter. The Hedge Fund company now holds 136,750 shares of PYPL which is valued at $5,275,815. Paypal Holdings Inc makes up approx 3.23% of Guinness Atkinson Asset Management Inc’s portfolio.

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. 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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