Blue Fin Capital Inc. Purchases 1,450 Shares of Paypal Holdings Inc (NASDAQ:PYPL)

Blue Fin Capital Inc. lifted its stake in Paypal Holdings Inc (NASDAQ:PYPL) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,864 shares of the credit services provider’s stock after buying an additional 1,450 shares during the period. Paypal makes up approximately 1.1% of Blue Fin Capital Inc.’s holdings, making the stock its 24th largest holding. Blue Fin Capital Inc.’s holdings in Paypal were worth $2,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Semmax Financial Advisors Inc. increased its holdings in shares of Paypal by 630.2% in the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after buying an additional 271 shares during the period. Private Ocean LLC increased its holdings in Paypal by 386.7% during the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 290 shares during the period. Liberty Wealth Management LLC purchased a new position in Paypal during the 4th quarter valued at about $39,000. CX Institutional increased its holdings in Paypal by 605.7% during the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 321 shares during the period. Finally, Princeton Global Asset Management LLC purchased a new position in Paypal during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 80.71% of the company’s stock.

PYPL stock opened at $104.95 on Friday. The stock has a market capitalization of $124.77 billion, a PE ratio of 58.63, a price-to-earnings-growth ratio of 2.45 and a beta of 0.97. Paypal Holdings Inc has a 12-month low of $74.66 and a 12-month high of $121.48. The stock’s 50 day simple moving average is $113.75 and its 200 day simple moving average is $107.31.

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

A number of research analysts recently issued reports on PYPL shares. KeyCorp boosted their price target on Paypal from $118.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Cantor Fitzgerald restated a “buy” rating on shares of Paypal in a report on Wednesday, May 1st. Robert W. Baird boosted their price target on Paypal from $118.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Bank of America restated a “buy” rating and set a $131.00 price target (up previously from $123.00) on shares of Paypal in a report on Thursday, June 13th. Finally, Royal Bank of Canada boosted their price target on Paypal to $120.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Paypal currently has an average rating of “Buy” and a consensus target price of $120.81.

In other news, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total transaction of $359,858.10. Following the transaction, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Daniel H. Schulman sold 30,000 shares of the 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 transaction, the chief executive officer now directly owns 487,074 shares in the company, valued at $52,160,754.66. The disclosure for this sale can be found here. Insiders have sold a total of 93,110 shares of company stock worth $10,264,058 over the last three months. Insiders own 0.15% of the company’s stock.

About Paypal

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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