Paypal Holdings Inc (PYPL) : Financial Partners Capital Management reduced its stake in Paypal Holdings Inc by 0.3% during the most recent quarter end. The investment management company now holds a total of 263,267 shares of Paypal Holdings Inc which is valued at $10,393,781 after selling 787 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Paypal Holdings Inc makes up approximately 2.70% of Financial Partners Capital Management’s portfolio.
Paypal Holdings Inc opened for trading at $38.71 and hit $39.7 on the upside on Friday, eventually ending the session at $39.48, with a gain of 1.36% or 0.53 points. The heightened volatility saw the trading volume jump to 65,66,908 shares. Company has a market cap of $47,851 M.
Other Hedge Funds, Including , Diversified Trust Co reduced its stake in PYPL by selling 12,218 shares or 8.61% in the most recent quarter. The Hedge Fund company now holds 129,765 shares of PYPL which is valued at $5,123,122. Paypal Holdings Inc makes up approx 0.73% of Diversified Trust Co’s portfolio.Sii Investments Incwi boosted its stake in PYPL in the latest quarter, The investment management firm added 7,178 additional shares and now holds a total of 16,224 shares of Paypal Holdings Inc which is valued at $635,656. Paypal Holdings Inc makes up approx 0.06% of Sii Investments Incwi’s portfolio. Huntington National Bank sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 417,215 shares of PYPL which is valued $16,346,484.Cwm boosted its stake in PYPL in the latest quarter, The investment management firm added 24 additional shares and now holds a total of 123 shares of Paypal Holdings Inc which is valued at $4,958.
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.