Mizuho Securities Co. Ltd. Raises Stock Position in PayPal Holdings, Inc. (NASDAQ:PYPL)

Mizuho Securities Co. Ltd. raised its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 181.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,020 shares of the credit services provider's stock after purchasing an additional 5,820 shares during the quarter. PayPal accounts for approximately 1.7% of Mizuho Securities Co. Ltd.'s investment portfolio, making the stock its 17th biggest position. Mizuho Securities Co. Ltd.'s holdings in PayPal were worth $704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PYPL. Bruce G. Allen Investments LLC grew its position in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock valued at $141,000 after purchasing an additional 124 shares in the last quarter. First United Bank & Trust lifted its holdings in shares of PayPal by 6.4% during the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock worth $187,000 after acquiring an additional 145 shares during the last quarter. Ritholtz Wealth Management increased its stake in PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock valued at $369,000 after acquiring an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC raised its position in 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 purchasing an additional 167 shares in the last quarter. Finally, First Bank & Trust lifted its stake in PayPal by 4.4% during the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider's stock worth $313,000 after purchasing an additional 171 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Jefferies Financial Group dropped their target price on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research report on Wednesday, October 30th. Canaccord Genuity Group lifted their price target on PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their price objective on PayPal from $74.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, September 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.45.

PayPal Stock Performance

Shares of PayPal stock traded up $0.91 on Wednesday, hitting $87.31. 9,252,797 shares of the company's stock were exchanged, compared to its average volume of 13,520,492. 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 stock has a market capitalization of $87.53 billion, a PE ratio of 20.84, a PEG ratio of 1.54 and a beta of 1.43. PayPal Holdings, Inc. has a 1 year low of $55.28 and a 1 year high of $87.92. The company has a 50-day simple moving average of $77.95 and a 200-day simple moving average of $68.63.

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