Paypal Holdings Inc (PYPL) : Baupost Groupma reduced its stake in Paypal Holdings Inc by 36.45% during the most recent quarter end. The investment management company now holds a total of 7,059,745 shares of Paypal Holdings Inc which is valued at $278.7 Million after selling 4,049,533 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Paypal Holdings Inc makes up approximately 4.08% of Baupost Groupma’s portfolio.
Other Hedge Funds, Including , Greenwood Capital Associates reduced its stake in PYPL by selling 1,453 shares or 4.35% in the most recent quarter. The Hedge Fund company now holds 31,920 shares of PYPL which is valued at $1.3 Million. Paypal Holdings Inc makes up approx 0.40% of Greenwood Capital Associates’s portfolio. Berkeley Capital Partners added PYPL to its portfolio by purchasing 18,469 company shares during the most recent quarter which is valued at $729,156. Paypal Holdings Inc makes up approx 0.52% of Berkeley Capital Partners’s portfolio.Gamco Investors Et Al boosted its stake in PYPL in the latest quarter, The investment management firm added 12,493 additional shares and now holds a total of 474,514 shares of Paypal Holdings Inc which is valued at $18.7 Million. Paypal Holdings Inc makes up approx 0.12% of Gamco Investors Et Al’s portfolio.North Star Asset Management Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 9,195 additional shares and now holds a total of 151,459 shares of Paypal Holdings Inc which is valued at $6 Million. Paypal Holdings Inc makes up approx 0.71% of North Star Asset Management Inc’s portfolio.Argent Trust Co reduced its stake in PYPL by selling 50 shares or 0.33% in the most recent quarter. The Hedge Fund company now holds 15,205 shares of PYPL which is valued at $600,293. Paypal Holdings Inc makes up approx 0.19% of Argent Trust Co’s portfolio.
Paypal Holdings Inc closed down -0.16 points or -0.41% at $38.76 with 65,61,150 shares getting traded on Wednesday. Post opening the session at $38.87, the shares hit an intraday low of $38.51 and an intraday high of $39.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.