Terra Nova Asset Management Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Terra Nova Asset Management reduced its stake in Paypal Holdings Inc by 15.94% during the most recent quarter end. The investment management company now holds a total of 24,230 shares of Paypal Holdings Inc which is valued at $901,841 after selling 4,595 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Paypal Holdings Inc makes up approximately 1.50% of Terra Nova Asset Management’s portfolio.

Other Hedge Funds, Including , Acadian Asset Management boosted its stake in PYPL in the latest quarter, The investment management firm added 1,984 additional shares and now holds a total of 5,713 shares of Paypal Holdings Inc which is valued at $228,806.Arcadia Investment Management Corpmi boosted its stake in PYPL in the latest quarter, The investment management firm added 835 additional shares and now holds a total of 1,844 shares of Paypal Holdings Inc which is valued at $71,768. Paypal Holdings Inc makes up approx 0.02% of Arcadia Investment Management Corpmi’s portfolio.Creative Planning boosted its stake in PYPL in the latest quarter, The investment management firm added 1,571 additional shares and now holds a total of 23,416 shares of Paypal Holdings Inc which is valued at $919,780. Paypal Holdings Inc makes up approx 0.01% of Creative Planning’s portfolio.Quotient Investors reduced its stake in PYPL by selling 18,798 shares or 34.72% in the most recent quarter. The Hedge Fund company now holds 35,346 shares of PYPL which is valued at $1,388,391. Paypal Holdings Inc makes up approx 0.64% of Quotient Investors’s portfolio.

Paypal Holdings Inc opened for trading at $37.41 and hit $37.48 on the upside on Friday, eventually ending the session at $37.24, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 68,50,060 shares. Company has a market cap of $44,946 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.

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