Paypal Holdings Inc (PYPL) : Concourse Capital Management reduced its stake in Paypal Holdings Inc by 25.38% during the most recent quarter end. The investment management company now holds a total of 237,277 shares of Paypal Holdings Inc which is valued at $9.4 Million after selling 80,706 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Paypal Holdings Inc makes up approximately 6.02% of Concourse Capital Management’s portfolio.
Other Hedge Funds, Including , Mrj Capital Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 3,100 additional shares and now holds a total of 121,386 shares of Paypal Holdings Inc which is valued at $4.8 Million. Paypal Holdings Inc makes up approx 3.33% of Mrj Capital Inc’s portfolio.Congress Asset Management Co boosted its stake in PYPL in the latest quarter, The investment management firm added 1,240,341 additional shares and now holds a total of 1,361,472 shares of Paypal Holdings Inc which is valued at $53.8 Million. Paypal Holdings Inc makes up approx 1.32% of Congress Asset Management Co’s portfolio. Ci Investments sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 101,200 shares of PYPL which is valued $4 Million.Bank Of The West reduced its stake in PYPL by selling 2,388 shares or 3.91% in the most recent quarter. The Hedge Fund company now holds 58,620 shares of PYPL which is valued at $2.3 Million. Paypal Holdings Inc makes up approx 0.32% of Bank Of The West’s portfolio.
Paypal Holdings Inc closed down -0.12 points or -0.32% at $37.53 with 1,24,97,204 shares getting traded on Friday. Post opening the session at $37.79, the shares hit an intraday low of $37.49 and an intraday high of $37.95 and the price fluctuated in this range throughout the day.Shares ended Friday 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.