Blue Fin Capital Inc. Grows Stock Position in Paypal Holdings Inc (NASDAQ:PYPL)

Blue Fin Capital Inc. increased its holdings in shares of Paypal Holdings Inc (NASDAQ:PYPL) by 8.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,864 shares of the credit services provider’s stock after buying an additional 1,450 shares during the quarter. Paypal accounts for about 1.1% of Blue Fin Capital Inc.’s holdings, making the stock its 24th biggest holding. Blue Fin Capital Inc.’s holdings in Paypal were worth $2,044,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. AE Wealth Management LLC increased its stake in shares of Paypal by 57.7% in the second quarter. AE Wealth Management LLC now owns 31,866 shares of the credit services provider’s stock valued at $3,647,000 after buying an additional 11,665 shares during the period. Dillon & Associates Inc. increased its stake in shares of Paypal by 6.6% in the second quarter. Dillon & Associates Inc. now owns 84,874 shares of the credit services provider’s stock valued at $9,676,000 after buying an additional 5,239 shares during the period. Kistler Tiffany Companies LLC increased its stake in shares of Paypal by 25.2% in the second quarter. Kistler Tiffany Companies LLC now owns 3,322 shares of the credit services provider’s stock valued at $380,000 after buying an additional 668 shares during the period. Flagship Harbor Advisors LLC increased its stake in shares of Paypal by 6.1% in the second quarter. Flagship Harbor Advisors LLC now owns 22,365 shares of the credit services provider’s stock valued at $2,559,000 after buying an additional 1,282 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Paypal by 2.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 980,000 shares of the credit services provider’s stock valued at $112,171,000 after buying an additional 26,800 shares during the period. Institutional investors and hedge funds own 80.71% of the company’s stock.

Several equities research analysts have recently weighed in on PYPL shares. Royal Bank of Canada increased their price target on Paypal to $120.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. upped their target price on Paypal from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, June 14th. Wedbush restated an “outperform” rating on shares of Paypal in a research report on Thursday. BTIG Research set a $130.00 target price on Paypal and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Nomura increased their price target on Paypal from $123.00 to $139.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Paypal currently has a consensus rating of “Buy” and a consensus target price of $120.81.

In other news, EVP Aaron Karczmer sold 3,110 shares of Paypal stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the completion of the transaction, the executive vice president now directly owns 15,041 shares in the company, valued at $1,740,394.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the transaction, the chief executive officer now owns 487,074 shares of the company’s stock, valued at $52,160,754.66. The disclosure for this sale can be found here. Insiders sold 93,110 shares of company stock valued at $10,264,058 over the last three months. Company insiders own 0.15% of the company’s stock.

NASDAQ:PYPL opened at $104.95 on Friday. The business has a fifty day simple moving average of $113.75 and a two-hundred day simple moving average of $107.31. Paypal Holdings Inc has a 1 year low of $74.66 and a 1 year high of $121.48. The company has a market capitalization of $124.77 billion, a P/E ratio of 58.63, a P/E/G ratio of 2.45 and a beta of 0.97.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business posted $0.58 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts forecast that Paypal Holdings Inc will post 2.41 EPS for the current year.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Institutional Ownership by Quarter for Paypal (NASDAQ:PYPL)

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