Capital Asset Advisory Services Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Capital Asset Advisory Services reduced its stake in Paypal Holdings Inc by 0.63% during the most recent quarter end. The investment management company now holds a total of 26,258 shares of Paypal Holdings Inc which is valued at $1,031,414 after selling 166 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 11, 2016.Paypal Holdings Inc makes up approximately 1.35% of Capital Asset Advisory Services’s portfolio.

Other Hedge Funds, Including , Salem Capital Management Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 4,425 additional shares and now holds a total of 13,925 shares of Paypal Holdings Inc which is valued at $546,974. Paypal Holdings Inc makes up approx 0.31% of Salem Capital Management Inc’s portfolio.Newman Dignan Sheerar boosted its stake in PYPL in the latest quarter, The investment management firm added 475 additional shares and now holds a total of 9,208 shares of Paypal Holdings Inc which is valued at $344,011. Paypal Holdings Inc makes up approx 0.22% of Newman Dignan Sheerar’s portfolio.Patten Patten Inctn boosted its stake in PYPL in the latest quarter, The investment management firm added 20,945 additional shares and now holds a total of 115,197 shares of Paypal Holdings Inc which is valued at $4,303,760. Paypal Holdings Inc makes up approx 0.59% of Patten Patten Inctn’s portfolio.Next Financial Group Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 2,150 additional shares and now holds a total of 4,576 shares of Paypal Holdings Inc which is valued at $170,959. Paypal Holdings Inc makes up approx 0.05% of Next Financial Group Inc’s portfolio.

Paypal Holdings Inc opened for trading at $38.84 and hit $39.99 on the upside on Wednesday, eventually ending the session at $39.28, with a gain of 1.26% or 0.49 points. The heightened volatility saw the trading volume jump to 1,24,58,481 shares. Company has a market cap of $47,608 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. Shares were Reiterated by Barclays on Jul 7, 2016 to “Overweight” and Lowered the Price Target to $ 42 from a previous price target of $46 .Paypal Holdings Inc was Initiated by Needham to “Hold” on May 27, 2016. 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 .

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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