A. D. Beadell Investment Counsel Inc. Makes New Investment in PayPal Holdings, Inc. (NASDAQ:PYPL)

A. D. Beadell Investment Counsel Inc. bought a new position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,024 shares of the credit services provider’s stock, valued at approximately $392,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PYPL. Brown Financial Advisors purchased a new stake in shares of PayPal in the second quarter valued at about $1,454,000. Cape Cod Five Cents Savings Bank purchased a new position in PayPal during the second quarter worth about $3,014,000. Distillate Capital Partners LLC raised its holdings in PayPal by 156,934.7% during the second quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after purchasing an additional 343,687 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in PayPal by 604.7% in the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after buying an additional 45,544 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in PayPal by 44.6% in the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after buying an additional 381 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on PYPL. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of PayPal in a report on Wednesday, July 31st. William Blair raised shares of PayPal to a “hold” rating in a report on Tuesday, July 30th. Jefferies Financial Group dropped their target price on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. JPMorgan Chase & Co. increased their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has an average rating of “Moderate Buy” and an average target price of $76.47.

PayPal Price Performance

PayPal stock traded down $2.51 during midday trading on Thursday, hitting $79.14. 3,992,412 shares of the company’s stock were exchanged, compared to its average volume of 13,832,001. PayPal Holdings, Inc. has a 52-week low of $50.25 and a 52-week high of $82.00. The stock has a 50-day moving average price of $71.78 and a two-hundred day moving average price of $65.93. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $82.78 billion, a P/E ratio of 19.86, a PEG ratio of 1.41 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same quarter in the prior year, the company posted $0.83 EPS. PayPal’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

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.