Tiger Global Management Adds $6M in PayPay Corporation ($PAYP)
Key Points
- Wall Street's consensus rating on $PAYP is Strong Buy and an average price target of $25.22.
- $PAYP last traded around $14.15.
Tiger Global Management acquired a new position in PayPay Corporation ($PAYP), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of PayPay Corporation. Tiger Global Management's holdings in PayPay Corporation were worth $5.66 million as of its most recent filing.
PayPay Corporation ($PAYP) Stock
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Analysts Set New Price Targets
About PayPay Corporation
PayPay Corporation, a financial technology company, provides a digital finance platform with services that inlclude easy-to-use payments and other financial services in Japan. The company operates through two segments, Payment and Financial Service. The Payment segment provides payment settlement and related services through its PayPay app; and payment credit services, such as revolving and installment payment options and cash advances. The Financial service segment offers internet banking, securities intermediary, PayPay Point investment-related, and loan management services. It also provides PayPay settlement, PayPay balance and PayPay credit payment, PayPay balance, PayPay credit, payments using linked services, payments using PayPay bank app, utility bill and tax payments, payment credit, revolving and installment payment option, cash advance, and acquiring services; and in financial services comprising internet banking, deposit accounts and remittance, lending, securities intermediary, foreign exchange transaction, digital securities, app-based investment, PayPay securities app, automated investing, CFD trading, PayPay point management, and loan management services through credit engine. In addition, the company offers other value-added services for users and enterprises, such as insurance and marketing services that merchants have the option to subscribe. It serves users and merchants through PayPay brand names. The company was incorporated in 2018 and is headquartered in Shinjuku, Japan.
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