Paypal Holdings Inc (PYPL) : Nebula Capital Management Lp reduced its stake in Paypal Holdings Inc by 90.45% during the most recent quarter end. The investment management company now holds a total of 14,137 shares of Paypal Holdings Inc which is valued at $517,131 after selling 133,963 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Paypal Holdings Inc makes up approximately 3.99% of Nebula Capital Management Lp’s portfolio.
Other Hedge Funds, Including , Ngam Advisors reduced its stake in PYPL by selling 158,818 shares or 28.81% in the most recent quarter. The Hedge Fund company now holds 392,442 shares of PYPL which is valued at $14,355,528. Paypal Holdings Inc makes up approx 0.19% of Ngam Advisors’s portfolio.Candriam Luxembourg S.c.a. boosted its stake in PYPL in the latest quarter, The investment management firm added 17,796 additional shares and now holds a total of 467,009 shares of Paypal Holdings Inc which is valued at $17,382,075. Paypal Holdings Inc makes up approx 0.44% of Candriam Luxembourg S.c.a.’s portfolio.Kanaly Trust Co boosted its stake in PYPL in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 449 shares of Paypal Holdings Inc which is valued at $16,802.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.Gateway Investment Advisers reduced its stake in PYPL by selling 57,328 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 868,592 shares of PYPL which is valued at $34,118,294. Paypal Holdings Inc makes up approx 0.29% of Gateway Investment Advisers’s portfolio.
Paypal Holdings Inc opened for trading at $36.82 and hit $37.39 on the upside on Thursday, eventually ending the session at $37.3, with a gain of 1.97% or 0.72 points. The heightened volatility saw the trading volume jump to 75,07,761 shares. Company has a market cap of $45,018 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. 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.