Paypal Holdings Inc (PYPL) : National Pension Service scooped up 59,565 additional shares in Paypal Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 746,608 shares of Paypal Holdings Inc which is valued at $29,296,898.Paypal Holdings Inc makes up approximately 0.24% of National Pension Service’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in PYPL by selling 4,563 shares or 20.22% in the most recent quarter. The Hedge Fund company now holds 18,004 shares of PYPL which is valued at $705,757. Paypal Holdings Inc makes up approx 0.02% of Msi Financial Services Inc’s portfolio.W.g. Shaheen Associates Dba Whitney Co boosted its stake in PYPL in the latest quarter, The investment management firm added 6,210 additional shares and now holds a total of 98,995 shares of Paypal Holdings Inc which is valued at $3,880,604. Paypal Holdings Inc makes up approx 1.58% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.North Star Investment Management Corp. reduced its stake in PYPL by selling 1,000 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 38,695 shares of PYPL which is valued at $1,516,457. Paypal Holdings Inc makes up approx 0.27% of North Star Investment Management Corp.’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.