Blue Fin Capital Inc. Has $370,000 Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Blue Fin Capital Inc. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 49.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,026 shares of the credit services provider’s stock after selling 5,991 shares during the quarter. Blue Fin Capital Inc.’s holdings in PayPal were worth $370,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal during the fourth quarter worth about $25,000. Sutton Wealth Advisors Inc. raised its holdings in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares during the period. BluePath Capital Management LLC bought a new position in PayPal in the third quarter valued at approximately $33,000. Beacon Capital Management LLC increased its position in shares of PayPal by 58.6% during the fourth quarter. Beacon Capital Management LLC now owns 609 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 225 shares in the last quarter. Finally, Criterion Capital Advisors LLC acquired a new stake in shares of PayPal during the fourth quarter worth $37,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Trading Down 1.9 %

PYPL traded down $1.28 during midday trading on Friday, hitting $65.70. 15,435,157 shares of the company were exchanged, compared to its average volume of 12,651,739. The firm’s 50 day moving average price is $63.69 and its 200-day moving average price is $60.50. PayPal Holdings, Inc. has a 1-year low of $50.25 and a 1-year high of $76.54. The firm has a market capitalization of $68.73 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.20 and a beta of 1.41. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 4.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research reports. Wells Fargo & Company boosted their price target on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday. Canaccord Genuity Group decreased their price target on shares of PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Mizuho boosted their price objective on shares of PayPal from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday. Monness Crespi & Hardt raised their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Argus cut shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Twenty-five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.73.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.