Paypal Holdings Inc (PYPL) : Harding Loevner Lp scooped up 742,916 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 5,485,331 shares of Paypal Holdings Inc which is valued at $213,489,083.Paypal Holdings Inc makes up approximately 1.60% of Harding Loevner Lp’s portfolio.
Other Hedge Funds, Including , Sumitomo Life Insurance Co reduced its stake in PYPL by selling 2,428 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 69,008 shares of PYPL which is valued at $2,685,791. Paypal Holdings Inc makes up approx 0.36% of Sumitomo Life Insurance Co’s portfolio.Saddle Road Partners boosted its stake in PYPL in the latest quarter, The investment management firm added 16,005 additional shares and now holds a total of 108,701 shares of Paypal Holdings Inc which is valued at $4,269,775. Paypal Holdings Inc makes up approx 2.49% of Saddle Road Partners’s portfolio.Cutler Group Lp reduced its stake in PYPL by selling 17,634 shares or 53.16% in the most recent quarter. The Hedge Fund company now holds 15,537 shares of PYPL which is valued at $610,293. Paypal Holdings Inc makes up approx 0.04% of Cutler Group Lp’s portfolio.Benjamin F. Edwards Company reduced its stake in PYPL by selling 246 shares or 4.96% in the most recent quarter. The Hedge Fund company now holds 4,710 shares of PYPL which is valued at $185,009. Paypal Holdings Inc makes up approx 0.04% of Benjamin F. Edwards Company’s portfolio.Central Bank Trust Co reduced its stake in PYPL by selling 247 shares or 16.25% in the most recent quarter. The Hedge Fund company now holds 1,273 shares of PYPL which is valued at $50,003. Paypal Holdings Inc makes up approx 0.01% of Central Bank Trust Co’s portfolio.
Paypal Holdings Inc closed down -0.17 points or -0.43% at $38.92 with 78,77,439 shares getting traded on Monday. Post opening the session at $39.13, the shares hit an intraday low of $38.73 and an intraday high of $39.22 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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.