Cortland Associates Incmo buys $17,812,310 stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Cortland Associates Incmo scooped up 3,866 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 451,173 shares of Paypal Holdings Inc which is valued at $17,812,310.Paypal Holdings Inc makes up approximately 3.78% of Cortland Associates Incmo’s portfolio.

Other Hedge Funds, Including , Gilder Gagnon Howe Co reduced its stake in PYPL by selling 27,807 shares or 54.37% in the most recent quarter. The Hedge Fund company now holds 23,340 shares of PYPL which is valued at $921,463. Paypal Holdings Inc makes up approx 0.02% of Gilder Gagnon Howe Co’s portfolio. Verde Servicos Internacionais S.a. sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 869,181 shares of PYPL which is valued $34,054,512.Ims Capital Management boosted its stake in PYPL in the latest quarter, The investment management firm added 1,090 additional shares and now holds a total of 28,670 shares of Paypal Holdings Inc which is valued at $1,123,291. Paypal Holdings Inc makes up approx 1.35% of Ims Capital Management’s portfolio.Sheaff Brock Investment Advisors boosted its stake in PYPL in the latest quarter, The investment management firm added 44,554 additional shares and now holds a total of 55,981 shares of Paypal Holdings Inc which is valued at $2,193,336. Paypal Holdings Inc makes up approx 0.27% of Sheaff Brock Investment Advisors’s portfolio. Quantres Asset Management Ltd added PYPL to its portfolio by purchasing 34,900 company shares during the most recent quarter which is valued at $1,406,819. Paypal Holdings Inc makes up approx 1.31% of Quantres Asset Management Ltd’s portfolio.

Paypal Holdings Inc opened for trading at $39.62 and hit $40.15 on the upside on Tuesday, eventually ending the session at $40.11, with a gain of 1.24% or 0.49 points. The heightened volatility saw the trading volume jump to 65,89,127 shares. Company has a market cap of $48,614 M.

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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