Mizuho Markets Cayman LP Acquires Shares of 3,305 PayPal Holdings, Inc. (NASDAQ:PYPL)

Mizuho Markets Cayman LP bought a new position in PayPal Holdings, Inc. (NASDAQ:PYPL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,305 shares of the credit services provider’s stock, valued at approximately $282,000. PayPal accounts for about 0.6% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Bank grew its stake in PayPal by 9.7% in the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after acquiring an additional 794 shares in the last quarter. Meridian Wealth Management LLC increased its stake in shares of PayPal by 21.1% during the third quarter. Meridian Wealth Management LLC now owns 9,499 shares of the credit services provider’s stock valued at $741,000 after buying an additional 1,652 shares during the period. Nicolet Advisory Services LLC raised its holdings in shares of PayPal by 13.2% in the third quarter. Nicolet Advisory Services LLC now owns 4,623 shares of the credit services provider’s stock valued at $357,000 after acquiring an additional 539 shares in the last quarter. Cerity Partners LLC lifted its stake in PayPal by 27.9% in the third quarter. Cerity Partners LLC now owns 289,735 shares of the credit services provider’s stock worth $22,608,000 after acquiring an additional 63,288 shares during the period. Finally, Kingsview Wealth Management LLC grew its holdings in PayPal by 9.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 18,318 shares of the credit services provider’s stock worth $1,429,000 after acquiring an additional 1,652 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Up 0.7 %

Shares of PYPL stock opened at $70.19 on Friday. PayPal Holdings, Inc. has a twelve month low of $56.97 and a twelve month high of $93.66. The stock has a market cap of $69.43 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.27 and a beta of 1.52. The stock has a 50 day moving average of $78.19 and a 200 day moving average of $80.86. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Analysts Set New Price Targets

PYPL has been the subject of several research reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Robert W. Baird reduced their target price on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the 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 transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

PayPal Company 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.