Mizuho Markets Americas LLC Sells 44,310 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mizuho Markets Americas LLC cut its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 84.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,170 shares of the credit services provider's stock after selling 44,310 shares during the period. Mizuho Markets Americas LLC's holdings in PayPal were worth $638,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PYPL. Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after buying an additional 243 shares in the last quarter. Family Firm Inc. bought a new position in shares of PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 167 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of PayPal in the 1st quarter valued at $34,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Up 0.0 %

Shares of NASDAQ:PYPL traded up $0.04 during mid-day trading on Friday, reaching $85.83. 8,083,167 shares of the company's stock were exchanged, compared to its average volume of 11,479,406. The business's fifty day moving average price is $78.86 and its 200-day moving average price is $69.02. PayPal Holdings, Inc. has a twelve month low of $55.28 and a twelve month high of $87.92. The firm has a market capitalization of $86.05 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 1.53 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PYPL shares. TD Cowen boosted their target price on PayPal from $68.00 to $70.00 and gave the stock a "hold" rating in a report on Wednesday, July 31st. UBS Group upped their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt raised their price target on shares of PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a report on Monday, October 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, October 30th. Finally, Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.