PayPal’s (PYPL) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of PayPal (NASDAQ:PYPL) in a report published on Friday. Cantor Fitzgerald currently has a $93.00 price target on the credit services provider’s stock.

Several other brokerages have also recently weighed in on PYPL. BTIG Research cut PayPal from a buy rating to a neutral rating in a research report on Thursday, February 1st. Stifel Nicolaus lifted their price target on PayPal from $77.00 to $79.00 and gave the company a hold rating in a research report on Thursday, February 1st. Nomura lifted their price target on PayPal to $97.00 and gave the company a buy rating in a research report on Thursday, March 15th. UBS reiterated a buy rating and set a $90.00 price target on shares of PayPal in a research report on Friday, May 18th. Finally, KeyCorp lifted their price target on PayPal from $90.00 to $95.00 and gave the company an overweight rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. PayPal currently has an average rating of Buy and an average price target of $82.89.

Shares of PayPal opened at $80.96 on Friday, Marketbeat Ratings reports. The company has a market cap of $96.83 billion, a P/E ratio of 58.24, a P/E/G ratio of 2.70 and a beta of 1.28. PayPal has a twelve month low of $50.83 and a twelve month high of $86.32.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.59 billion. PayPal had a return on equity of 12.35% and a net margin of 13.92%. PayPal’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period last year, the business earned $0.44 earnings per share. equities analysts predict that PayPal will post 1.71 EPS for the current year.

In other PayPal news, EVP Aaron Karczmer sold 5,674 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $77.51, for a total transaction of $439,791.74. Following the transaction, the executive vice president now owns 23,909 shares of the company’s stock, valued at $1,853,186.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO William J. Ready sold 72,000 shares of the business’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $75.32, for a total value of $5,423,040.00. The disclosure for this sale can be found here. Insiders sold 198,156 shares of company stock worth $15,089,123 over the last ninety days. Corporate insiders own 0.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Arcadia Investment Management Corp MI boosted its stake in PayPal by 230.4% during the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock worth $106,000 after buying an additional 1,000 shares during the last quarter. Truewealth LLC acquired a new position in PayPal during the fourth quarter worth $106,000. Jacobi Capital Management LLC boosted its stake in PayPal by 122.4% during the first quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock worth $110,000 after buying an additional 804 shares during the last quarter. Front Row Advisors LLC acquired a new position in PayPal during the fourth quarter worth $111,000. Finally, Risk Paradigm Group LLC boosted its stake in PayPal by 282.5% during the fourth quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock worth $113,000 after buying an additional 1,130 shares during the last quarter. 78.26% of the stock is currently owned by institutional investors.

About PayPal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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