PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL) by 92.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 660 shares of the credit services provider’s stock after selling 8,360 shares during the period. PayPal accounts for approximately 0.8% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 27th biggest position. Mizuho Securities Co. Ltd.’s holdings in PayPal were worth $56,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC grew its holdings in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new position in shares of PayPal in the 3rd quarter worth approximately $387,435,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of PayPal by 174.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after purchasing an additional 2,689,162 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in PayPal during the fourth quarter valued at approximately $135,537,000. Finally, Contrarius Group Holdings Ltd bought a new stake in PayPal during the fourth quarter worth approximately $81,342,000. 68.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction 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. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

PayPal Price Performance

NASDAQ PYPL opened at $70.86 on Wednesday. PayPal Holdings, Inc. has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The stock’s 50-day moving average is $77.61 and its two-hundred day moving average is $80.92. The firm has a market cap of $70.10 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data 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 business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business earned $1.48 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PYPL. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Robert W. Baird decreased their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, Susquehanna raised their target price on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

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.