PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC lessened its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 66,293 shares of the credit services provider’s stock after selling 14,356 shares during the quarter. Mizuho Securities USA LLC’s holdings in PayPal were worth $5,173,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Integrated Investment Consultants LLC acquired a new position in shares of PayPal in the third quarter valued at approximately $4,951,000. John G Ullman & Associates Inc. raised its stake in shares of PayPal by 4.5% in the third quarter. John G Ullman & Associates Inc. now owns 46,180 shares of the credit services provider’s stock valued at $3,603,000 after acquiring an additional 1,995 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in PayPal by 308.0% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 17,880 shares of the credit services provider’s stock worth $1,395,000 after purchasing an additional 13,498 shares in the last quarter. Primecap Management Co. CA increased its holdings in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock worth $469,414,000 after purchasing an additional 1,069,356 shares during the period. Finally, Aurora Investment Counsel raised its position in PayPal by 7.8% in the 3rd quarter. Aurora Investment Counsel now owns 16,091 shares of the credit services provider’s stock valued at $1,256,000 after purchasing an additional 1,159 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on PYPL shares. Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. BMO Capital Markets boosted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Fifteen research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Up 0.4 %

PYPL opened at $85.04 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 company has a market cap of $85.26 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.50 and a beta of 1.43. PayPal Holdings, Inc. has a one year low of $55.55 and a one year high of $87.92. The business’s fifty day moving average is $80.07 and its two-hundred day moving average is $69.51.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business earned $0.97 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

About PayPal

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.