Mizuho Securities USA LLC Grows Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mizuho Securities USA LLC grew its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 12,919.4% during the third quarter, Holdings Channel.com reports. The fund owned 10,500,000 shares of the credit services provider’s stock after purchasing an additional 10,419,351 shares during the quarter. PayPal comprises 2.1% of Mizuho Securities USA LLC’s portfolio, making the stock its 13th biggest holding. Mizuho Securities USA LLC’s holdings in PayPal were worth $819,315,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. bought a new position in PayPal in the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC grew its position in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares during the period. Planning Capital Management Corp increased its holdings in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the last quarter. Finally, LRI Investments LLC bought a new stake in PayPal in the first quarter worth about $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 0.0 %

Shares of NASDAQ:PYPL opened at $85.83 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $86.05 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The firm has a fifty day moving average of $78.86 and a 200 day moving average of $69.01. PayPal Holdings, Inc. has a 52-week low of $55.28 and a 52-week high of $87.92.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research reports. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Susquehanna increased their price objective on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Mizuho upped their price target on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

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.