Eastern Bank Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Eastern Bank reduced its stake in Paypal Holdings Inc by 0.39% during the most recent quarter end. The investment management company now holds a total of 348,704 shares of Paypal Holdings Inc which is valued at $13,683,145 after selling 1,375 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Paypal Holdings Inc makes up approximately 1.12% of Eastern Bank’s portfolio.

Other Hedge Funds, Including , Fox Run Management L.l.c. added PYPL to its portfolio by purchasing 9,900 company shares during the most recent quarter which is valued at $387,981. Paypal Holdings Inc makes up approx 0.23% of Fox Run Management L.l.c.’s portfolio.Bristol John W Co Inc Ny reduced its stake in PYPL by selling 39,305 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 1,398,459 shares of PYPL which is valued at $55,742,576. Paypal Holdings Inc makes up approx 1.53% of Bristol John W Co Inc Ny’s portfolio.

Paypal Holdings Inc opened for trading at $39.46 and hit $39.89 on the upside on Friday, eventually ending the session at $39.24, with a gain of 0.10% or 0.04 points. The heightened volatility saw the trading volume jump to 66,47,595 shares. Company has a market cap of $47,359 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. Company shares were Reiterated by Barclays on Oct 14, 2016 to “Overweight”, Firm has raised the Price Target to $ 47 from a previous price target of $42 .Shares were Downgraded by Canaccord Genuity on Sep 19, 2016 to ” Hold” and Lowered the Price Target to $ 40 from a previous price target of $45 .Craig Hallum Initiated Paypal Holdings Inc on Sep 15, 2016 to “Buy”, Price Target of the shares are set at $52.

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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