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

Mizuho Securities USA LLC grew its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 12,919.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,500,000 shares of the credit services provider's stock after buying an additional 10,419,351 shares during the period. PayPal accounts for 2.1% of Mizuho Securities USA LLC's investment portfolio, making the stock its 13th largest holding. Mizuho Securities USA LLC owned about 1.05% of PayPal worth $819,315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Bruce G. Allen Investments LLC boosted its holdings in shares of PayPal by 7.4% in 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 buying an additional 124 shares in the last quarter. First United Bank & Trust boosted its stake in 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 purchasing an additional 145 shares during the period. Ritholtz Wealth Management boosted its stake in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock worth $369,000 after purchasing an additional 152 shares during the period. SYSTM Wealth Solutions LLC boosted its stake in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after purchasing an additional 167 shares during the period. Finally, First Bank & Trust boosted its stake in PayPal by 4.4% during the 3rd 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 period. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Trading Up 0.0 %

Shares of PYPL traded up $0.04 during mid-day trading on Friday, hitting $85.83. The company had a trading volume of 8,083,167 shares, compared to its average volume of 13,473,250. PayPal Holdings, Inc. has a 1-year low of $55.28 and a 1-year high of $87.92. The business's 50-day simple moving average is $78.86 and its 200-day simple moving average is $69.01. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market cap of $86.05 billion, a PE ratio of 20.48, a P/E/G ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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 firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 earnings per share. PayPal's revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on PYPL shares. Macquarie increased their price target on shares of PayPal from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt increased their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Wells Fargo & Company increased their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Barclays upped their price objective on shares of PayPal from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Finally, Stephens upped their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus target price of $83.45.

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.