Caprock Group adds Paypal Holdings Inc (PYPL) to its portfolio

Paypal Holdings Inc (PYPL) : Caprock Group added new position in Paypal Holdings Inc during the most recent quarter end. The investment management firm now holds 291,658 shares of Paypal Holdings Inc which is valued at $11.5 Million , the company said in a statement filed on May 11, 2016 with the SEC.Paypal Holdings Inc makes up approximately 2.74% of Caprock Group’s portfolio.

Other Hedge Funds, Including , Highlander Capital Management reduced its stake in PYPL by selling 1,000 shares or 28.99% in the most recent quarter. The Hedge Fund company now holds 2,450 shares of PYPL which is valued at $96,726. Paypal Holdings Inc makes up approx 0.10% of Highlander Capital Management’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in PYPL by selling 988,994 shares or 3.3% in the most recent quarter. The Hedge Fund company now holds 28,973,890 shares of PYPL which is valued at $1,143.9 Million. Paypal Holdings Inc makes up approx 0.19% of Blackrock Institutional Trust Company N.a.’s portfolio.Edge Asset Management Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 112,663 additional shares and now holds a total of 333,452 shares of Paypal Holdings Inc which is valued at $13.2 Million. Paypal Holdings Inc makes up approx 0.13% of Edge Asset Management Inc’s portfolio. Financial Architects Inc added PYPL to its portfolio by purchasing 1,366 company shares during the most recent quarter which is valued at $53,930. Paypal Holdings Inc makes up approx 0.02% of Financial Architects Inc’s portfolio.

Paypal Holdings Inc closed down -0.18 points or -0.46% at $39.3 with 1,03,16,036 shares getting traded on Monday. Post opening the session at $39.36, the shares hit an intraday low of $39.13 and an intraday high of $39.53 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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 .Company shares were Reiterated by Wedbush on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $45 .

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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