Reliance Trust Co Of Delaware Lowers stake in Paypal Holdings Inc (PYPL)

Paypal Holdings Inc (PYPL) : Reliance Trust Co Of Delaware reduced its stake in Paypal Holdings Inc by 7.66% during the most recent quarter end. The investment management company now holds a total of 48,439 shares of Paypal Holdings Inc which is valued at $1,900,746 after selling 4,020 shares in Paypal Holdings Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Paypal Holdings Inc makes up approximately 0.17% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , Duff Phelps Investment Management Co reduced its stake in PYPL by selling 240 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 14,060 shares of PYPL which is valued at $551,714. Paypal Holdings Inc makes up approx 0.01% of Duff Phelps Investment Management Co’s portfolio. Waverton Investment Management Ltd sold out all of its stake in PYPL during the most recent quarter. The investment firm sold 18,400 shares of PYPL which is valued $721,096.Harding Loevner Lp reduced its stake in PYPL by selling 20,281 shares or 0.37% in the most recent quarter. The Hedge Fund company now holds 5,465,050 shares of PYPL which is valued at $217,836,893. Paypal Holdings Inc makes up approx 1.55% of Harding Loevner Lp’s portfolio. Addison Capital Co added PYPL to its portfolio by purchasing 57,800 company shares during the most recent quarter which is valued at $2,303,908. Paypal Holdings Inc makes up approx 2.02% of Addison Capital Co’s portfolio.Perkins Coie Trust Co boosted its stake in PYPL in the latest quarter, The investment management firm added 464 additional shares and now holds a total of 22,378 shares of Paypal Holdings Inc which is valued at $891,987. Paypal Holdings Inc makes up approx 0.57% of Perkins Coie Trust Co’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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