Cantor Fitzgerald Cuts PayPal (NASDAQ:PYPL) Price Target to $42.00

PayPal (NASDAQ:PYPL) had its target price cut by stock analysts at Cantor Fitzgerald from $60.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the credit services provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 4.53% from the company’s current price.

PYPL has been the subject of a number of other reports. Morgan Stanley cut their price objective on PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday. Macquarie Infrastructure increased their target price on shares of PayPal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Argus reduced their price target on PayPal from $87.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday. Susquehanna dropped their price target on shares of PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered PayPal from a “buy” rating to a “hold” rating in a research report on Sunday, January 18th. Ten equities research analysts have rated the stock with a Buy rating, thirty have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.46.

PayPal Stock Performance

NASDAQ:PYPL opened at $40.18 on Monday. The business’s fifty day moving average is $57.18 and its 200 day moving average is $64.27. The firm has a market cap of $36.99 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 0.79 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. PayPal has a 52-week low of $38.88 and a 52-week high of $79.50.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The firm had revenue of $8.68 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts predict that PayPal will post 5.03 EPS for the current year.

Insider Buying and Selling

In related news, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $59.84, for a total transaction of $249,054.08. Following the transaction, the insider owned 30,983 shares in the company, valued at approximately $1,854,022.72. The trade was a 11.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Lind Value II ApS boosted its position in shares of PayPal by 138.9% during the fourth quarter. Lind Value II ApS now owns 154,385 shares of the credit services provider’s stock worth $9,013,000 after acquiring an additional 89,773 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of PayPal by 56.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 10,577 shares of the credit services provider’s stock worth $617,000 after purchasing an additional 3,797 shares during the last quarter. Legato Capital Management LLC boosted its stake in PayPal by 23.5% during the fourth quarter. Legato Capital Management LLC now owns 42,628 shares of the credit services provider’s stock valued at $2,489,000 after buying an additional 8,101 shares during the last quarter. Advisory Alpha LLC grew its holdings in PayPal by 13.8% during the 4th quarter. Advisory Alpha LLC now owns 4,594 shares of the credit services provider’s stock valued at $268,000 after buying an additional 557 shares in the last quarter. Finally, Evoke Wealth LLC increased its stake in PayPal by 119.5% in the 4th quarter. Evoke Wealth LLC now owns 12,099 shares of the credit services provider’s stock worth $706,000 after acquiring an additional 6,588 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.