PayPal Holdings, Inc. (NASDAQ:PYPL) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its stake in PayPal Holdings, Inc. by 16.6%, owning 79,208 shares after selling 15,810 shares in the first quarter.
• Insider trading activity includes Director Deborah M. Messemer selling 3,795 shares at an average price of $73.00, marking a 21.36% decrease in her holdings.
• PayPal's stock has a current market capitalization of $64.63 billion, and analysts' ratings show two sell, fourteen hold, and eighteen buy ratings with an average price target of $85.00.

Mizuho Securities USA LLC reduced its stake in PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) by 16.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,208 shares of the credit services provider's stock after selling 15,810 shares during the period. Mizuho Securities USA LLC's holdings in PayPal were worth $5,168,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in PayPal by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock worth $5,625,976,000 after buying an additional 276,339 shares during the period. Capital Research Global Investors boosted its position in PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares during the last quarter. Deutsche Bank AG grew its stake in shares of PayPal by 19.1% during the first quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after acquiring an additional 1,798,330 shares in the last quarter. Northern Trust Corp increased its position in shares of PayPal by 19.0% during the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after acquiring an additional 1,669,908 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of PayPal by 44.6% during the first quarter. Goldman Sachs Group Inc. now owns 8,559,376 shares of the credit services provider's stock worth $558,499,000 after acquiring an additional 2,638,815 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley reissued a "positive" rating on shares of PayPal in a report on Wednesday, July 30th. Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Truist Financial started coverage on shares of PayPal in a research note on Monday, June 2nd. They issued a "sell" rating and a $68.00 price target for the company. Compass Point assumed coverage on shares of PayPal in a report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target on the stock. Finally, Robert W. Baird raised their price objective on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, PayPal currently has a consensus rating of "Hold" and an average target price of $85.00.

Insiders Place Their Bets

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $304,824.88. Following the completion of the transaction, the insider directly owned 48,483 shares of the company's stock, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,736 shares of company stock valued at $1,620,835. Corporate insiders own 0.08% of the company's stock.

PayPal Stock Performance

Shares of PYPL traded down $0.57 during midday trading on Friday, hitting $67.65. 9,663,964 shares of the stock traded hands, compared to its average volume of 12,859,930. The business's 50 day moving average price is $72.89 and its two-hundred day moving average price is $71.40. The firm has a market capitalization of $64.63 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.33 and a current ratio of 1.33. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The firm had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same period last year, the firm posted $1.19 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

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.