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

Mizuho Securities USA LLC increased its holdings in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 43.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,018 shares of the credit services provider's stock after buying an additional 28,725 shares during the quarter. Mizuho Securities USA LLC's holdings in PayPal were worth $8,110,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the period. Legacy Investment Solutions LLC purchased a new stake in shares of PayPal in the third quarter worth $36,000. Finally, Modus Advisors LLC bought a new stake in shares of PayPal during the 4th quarter valued at $37,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Trading Down 0.2 %

Shares of NASDAQ:PYPL traded down $0.12 on Tuesday, hitting $70.85. 2,145,503 shares of the company's stock were exchanged, compared to its average volume of 10,911,865. The business's 50 day simple moving average is $77.93 and its two-hundred day simple moving average is $80.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $70.09 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a 12 month low of $56.97 and a 12 month high of $93.66.

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PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 EPS. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PYPL shares. Robert W. Baird dropped their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Susquehanna upped their price objective on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. BTIG Research reissued a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective for the company in a report on Friday, December 13th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, PayPal presently has an average rating of "Moderate Buy" and a consensus target price of $90.03.

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

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.