A. D. Beadell Investment Counsel Inc. Purchases 235 Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

A. D. Beadell Investment Counsel Inc. lifted its position in shares of PayPal Holdings, Inc. (NASDAQ:PYPL) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,259 shares of the credit services provider’s stock after purchasing an additional 235 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in PayPal were worth $448,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new position in PayPal during the third quarter worth $387,435,000. United Advisor Group LLC bought a new position in shares of PayPal in the 3rd quarter valued at about $810,000. FCG Investment Co acquired a new stake in shares of PayPal in the third quarter valued at about $1,079,000. Equity Investment Corp raised its holdings in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. boosted its position in PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of NASDAQ:PYPL traded down $4.27 during trading on Friday, reaching $83.67. The company had a trading volume of 3,626,172 shares, compared to its average volume of 6,168,415. PayPal Holdings, Inc. has a fifty-two week low of $55.77 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s fifty day moving average price is $86.51 and its 200 day moving average price is $75.52. The firm has a market capitalization of $83.88 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PYPL. Piper Sandler reissued a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a report on Friday, November 22nd. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.65.

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.