Mizuho Securities Co. Ltd. Sells 8,360 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Mizuho Securities Co. Ltd. trimmed its position in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 92.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 660 shares of the credit services provider's stock after selling 8,360 shares during the period. PayPal comprises approximately 0.8% of Mizuho Securities Co. Ltd.'s holdings, making the stock its 27th largest holding. Mizuho Securities Co. Ltd.'s holdings in PayPal were worth $56,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Place Capital Corp boosted its holdings in PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after acquiring an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC grew its position in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after buying an additional 130 shares during the period. Finally, Avalon Trust Co raised its stake in shares of PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after buying an additional 135 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

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

PayPal Stock Down 5.4 %

Shares of PayPal stock traded down $3.71 during trading hours on Friday, reaching $65.15. 16,521,449 shares of the company's stock were exchanged, compared to its average volume of 11,225,267. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $76.28 and a two-hundred day moving average of $80.82. The stock has a market cap of $64.45 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

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

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised their target price on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PayPal has an average rating of "Moderate Buy" and an average target price of $90.03.

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.