BlueCrest Capital Management Ltd Purchases Shares of 125,000 PayPay Corporation $PAYP

BlueCrest Capital Management Ltd acquired a new stake in PayPay Corporation (NASDAQ:PAYP) in the 2nd quarter, Holdings Channel reports. The firm acquired 125,000 shares of the fintech company’s stock, valued at approximately $1,791,000.

Separately, NWF Advisory Services Inc. acquired a new stake in PayPay in the second quarter valued at approximately $211,000.

PayPay Trading Up 0.1%

PAYP stock opened at $17.58 on Thursday. The firm has a market capitalization of $11.90 billion and a PE ratio of 58.60. PayPay Corporation has a twelve month low of $12.07 and a twelve month high of $24.89. The business’s 50 day moving average is $15.51.

PayPay (NASDAQ:PAYP) last posted its earnings results on Thursday, July 30th. The fintech company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The company had revenue of $675.02 million during the quarter. On average, equities analysts predict that PayPay Corporation will post 0.8 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup decreased their price target on shares of PayPay from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Mizuho decreased their price objective on shares of PayPay from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley upgraded shares of PayPay from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $24.00 to $23.00 in a research note on Thursday, July 23rd. Zacks Research raised PayPay to a “hold” rating in a report on Thursday, June 11th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of PayPay in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, PayPay currently has an average rating of “Moderate Buy” and an average target price of $24.45.

PayPay Company Profile

As Japan’s leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all. We strive to empower the everyday lives of users and businesses by transforming their smartphones into a comprehensive, easy-to-use, and accessible financial platform that centralizes and simplifies numerous daily activities for ultimate convenience. Through a seamless ecosystem of payment, financial and everyday services, we have served as a game-changer in driving the shift to a cashless and digitally empowered economy.