Hengistbury Investment Partners Llp Exits Position in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Hengistbury Investment Partners Llp has sold out all of its stake in Paypal Holdings Inc during the most recent quarter, according to the disclosure filed by the company on May 13, 2016 with the SEC. The investment management company has sold out 611,000 shares of Paypal Holdings Inc which is valued at $24.1 Million.

Other Hedge Funds, Including , Quaker Capital Investments sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 15,250 shares of PYPL which is valued $602,070. Fortaleza Asset Management Inc added PYPL to its portfolio by purchasing 69,930 company shares during the most recent quarter which is valued at $2.8 Million. Paypal Holdings Inc makes up approx 1.77% of Fortaleza Asset Management Inc’s portfolio.Teacher Retirement System Of Texas boosted its stake in PYPL in the latest quarter, The investment management firm added 469,546 additional shares and now holds a total of 1,086,617 shares of Paypal Holdings Inc which is valued at $42.9 Million. Paypal Holdings Inc makes up approx 0.29% of Teacher Retirement System Of Texas’s portfolio.Andra Ap-fonden reduced its stake in PYPL by selling 20,400 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 173,900 shares of PYPL which is valued at $6.9 Million. Paypal Holdings Inc makes up approx 0.18% of Andra Ap-fonden’s portfolio.

Paypal Holdings Inc closed down -0.16 points or -0.41% at $38.76 with 65,61,150 shares getting traded on Wednesday. Post opening the session at $38.87, the shares hit an intraday low of $38.51 and an intraday high of $39.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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