Clal Insurance Enterprises Holdings Ltd adds Paypal Holdings Inc (PYPL) to its portfolio

Paypal Holdings Inc (PYPL) : Clal Insurance Enterprises Holdings Ltd added new position in Paypal Holdings Inc during the most recent quarter end. The investment management firm now holds 694,053 shares of Paypal Holdings Inc which is valued at $26,693,278 , the company said in a statement filed on Aug 8, 2016 with the SEC.Paypal Holdings Inc makes up approximately 0.65% of Clal Insurance Enterprises Holdings Ltd’s portfolio.

Other Hedge Funds, Including , Assetmark Inc boosted its stake in PYPL in the latest quarter, The investment management firm added 88 additional shares and now holds a total of 3,548 shares of Paypal Holdings Inc which is valued at $136,456.Fortaleza Asset Management Inc reduced its stake in PYPL by selling 15,990 shares or 22.87% in the most recent quarter. The Hedge Fund company now holds 53,940 shares of PYPL which is valued at $2,055,114. Paypal Holdings Inc makes up approx 1.58% of Fortaleza Asset Management Inc’s portfolio. Lmr Partners Llp added PYPL to its portfolio by purchasing 46,286 company shares during the most recent quarter which is valued at $1,723,691. Paypal Holdings Inc makes up approx 0.26% of Lmr Partners Llp’s portfolio.Evergreen Capital Management reduced its stake in PYPL by selling 2,070 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 73,035 shares of PYPL which is valued at $2,718,363. Paypal Holdings Inc makes up approx 0.58% of Evergreen Capital Management’s portfolio.Investment House reduced its stake in PYPL by selling 320 shares or 0.15% in the most recent quarter. The Hedge Fund company now holds 209,900 shares of PYPL which is valued at $7,812,478. Paypal Holdings Inc makes up approx 1.19% of Investment House’s portfolio.

Paypal Holdings Inc closed down -0.05 points or -0.13% at $38.46 with 45,48,206 shares getting traded on Monday. Post opening the session at $38.55, the shares hit an intraday low of $38.34 and an intraday high of $38.65 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. Paypal Holdings Inc was Downgraded by Wells Fargo to ” Market Perform” on Jul 22, 2016. 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.

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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