Cypress Capital Management Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Cypress Capital Management reduced its stake in Paypal Holdings Inc by 0.87% during the most recent quarter end. The investment management company now holds a total of 234,954 shares of Paypal Holdings Inc which is valued at $9.3 Million after selling 2,051 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 3.13% of Cypress Capital Management’s portfolio.

Other Hedge Funds, Including , Cibc World Markets Corp reduced its stake in PYPL by selling 27,988 shares or 27.63% in the most recent quarter. The Hedge Fund company now holds 73,313 shares of PYPL which is valued at $2.9 Million. Paypal Holdings Inc makes up approx 0.10% of Cibc World Markets Corp’s portfolio.Amalgamated Bank boosted its stake in PYPL in the latest quarter, The investment management firm added 11,503 additional shares and now holds a total of 47,590 shares of Paypal Holdings Inc which is valued at $1.9 Million. Paypal Holdings Inc makes up approx 0.18% of Amalgamated Bank’s portfolio.Buckingham Capital Management boosted its stake in PYPL in the latest quarter, The investment management firm added 3,365 additional shares and now holds a total of 17,705 shares of Paypal Holdings Inc which is valued at $698,993. Paypal Holdings Inc makes up approx 0.19% of Buckingham Capital Management’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.Profund Advisors reduced its stake in PYPL by selling 42,937 shares or 20.62% in the most recent quarter. The Hedge Fund company now holds 165,328 shares of PYPL which is valued at $6.5 Million. Paypal Holdings Inc makes up approx 0.34% of Profund Advisors’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.

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