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

Mizuho Securities Co. Ltd. decreased its position in PayPal Holdings, Inc. (NASDAQ:PYPL) by 92.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 660 shares of the credit services provider’s stock after selling 8,360 shares during the quarter. PayPal comprises about 0.8% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 27th largest position. Mizuho Securities Co. Ltd.’s holdings in PayPal were worth $56,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PYPL. Relyea Zuckerberg Hanson LLC grew its position in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares during the period. World Investment Advisors LLC purchased a new stake in PayPal in the 3rd quarter valued at about $387,435,000. Nikko Asset Management Americas Inc. increased its stake in shares of PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after acquiring an additional 18,172 shares during the last quarter. Fortem Financial Group LLC lifted its holdings in shares of PayPal by 28.0% during the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock worth $2,842,000 after acquiring an additional 7,291 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of PayPal by 120.3% in the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after acquiring an additional 849,311 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PayPal

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

PayPal Stock Down 0.2 %

Shares of PayPal stock opened at $70.86 on Wednesday. The stock has a market capitalization of $70.10 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.27 and a beta of 1.52. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. 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 business’s 50 day simple moving average is $77.61 and its 200-day simple moving average is $80.92.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. Equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Analysts Set New Price Targets

PYPL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Robert W. Baird dropped their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.