Blue Capital Inc. Purchases Shares of 5,106 PayPal Holdings, Inc. (NASDAQ:PYPL)

Blue Capital Inc. acquired a new position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,106 shares of the credit services provider's stock, valued at approximately $436,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB increased its stake in PayPal by 196.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock valued at $798,000 after purchasing an additional 6,772 shares in the last quarter. Franklin Resources Inc. increased its stake in PayPal by 120.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider's stock valued at $125,461,000 after purchasing an additional 849,311 shares in the last quarter. Principal Financial Group Inc. raised its holdings in PayPal by 2.1% during the third quarter. Principal Financial Group Inc. now owns 1,182,316 shares of the credit services provider's stock worth $92,256,000 after buying an additional 24,193 shares during the last quarter. Iowa State Bank lifted its stake in shares of PayPal by 3.8% in the fourth quarter. Iowa State Bank now owns 29,612 shares of the credit services provider's stock valued at $2,527,000 after buying an additional 1,078 shares in the last quarter. Finally, Doliver Advisors LP grew its holdings in shares of PayPal by 3.4% during the fourth quarter. Doliver Advisors LP now owns 12,771 shares of the credit services provider's stock valued at $1,090,000 after buying an additional 425 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

Shares of PYPL stock traded up $0.64 during trading on Wednesday, hitting $68.69. The company had a trading volume of 8,103,358 shares, compared to its average volume of 11,243,204. PayPal Holdings, Inc. has a 52 week low of $55.85 and a 52 week high of $93.66. The stock has a market capitalization of $66.80 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock's 50-day moving average is $65.63 and its two-hundred day moving average is $77.93.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PYPL has been the subject of a number of analyst reports. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. BMO Capital Markets cut their target price on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Evercore ISI assumed coverage on PayPal in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Finally, StockNews.com upgraded shares of PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $83.68.

PayPal 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.