Mizuho Securities USA LLC Sells 14,356 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mizuho Securities USA LLC lessened its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 17.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,293 shares of the credit services provider's stock after selling 14,356 shares during the period. Mizuho Securities USA LLC's holdings in PayPal were worth $5,173,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of PayPal by 18.5% during the 1st quarter. Bessemer Group Inc. now owns 12,898 shares of the credit services provider's stock valued at $863,000 after purchasing an additional 2,018 shares during the period. CreativeOne Wealth LLC bought a new stake in PayPal in the first quarter worth about $429,000. Westwood Holdings Group Inc. acquired a new stake in PayPal in the 1st quarter valued at about $251,000. Truvestments Capital LLC grew its stake in shares of PayPal by 1,036.3% in the 1st quarter. Truvestments Capital LLC now owns 7,295 shares of the credit services provider's stock worth $489,000 after purchasing an additional 6,653 shares during the last quarter. Finally, Linscomb Wealth Inc. raised its holdings in shares of PayPal by 5.4% in the 1st quarter. Linscomb Wealth Inc. now owns 26,066 shares of the credit services provider's stock worth $1,746,000 after purchasing an additional 1,333 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Price Performance

NASDAQ:PYPL traded up $1.95 during mid-day trading on Friday, reaching $86.77. 6,778,495 shares of the company were exchanged, compared to its average volume of 13,364,590. 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 $86.99 billion, a PE ratio of 20.71, a PEG ratio of 1.50 and a beta of 1.43. PayPal Holdings, Inc. has a 12 month low of $55.55 and a 12 month high of $87.92. The company has a fifty day moving average of $80.41 and a 200 day moving average of $69.66.

PayPal (NASDAQ:PYPL - Get Free Report) 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 analysts' expectations of $7.88 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. PayPal's revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price target on PayPal from $84.00 to $89.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Argus raised PayPal from a "hold" rating to a "buy" rating in a report on Wednesday, July 31st. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research note on Sunday, November 3rd. Daiwa Capital Markets upgraded shares of PayPal from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Finally, Piper Sandler restated a "neutral" rating and set a $88.00 price target on shares of PayPal in a report on Friday. Sixteen investment 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 data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $83.60.

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.