Rep. Jefferson Shreve Purchases Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Representative Jefferson Shreve (R-Indiana) recently bought shares of PayPal Holdings, Inc. NASDAQ: PYPL. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in PayPal stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

PayPal Stock Performance

Shares of NASDAQ PYPL traded up $1.83 during trading hours on Monday, hitting $72.09. 7,590,956 shares of the company's stock were exchanged, compared to its average volume of 11,238,798. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $70.11 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 1.27 and a beta of 1.51. The company's 50-day moving average price is $65.65 and its 200-day moving average price is $77.67.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the previous year, the firm earned $1.08 EPS. The firm's revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

PYPL has been the subject of several recent research reports. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. BMO Capital Markets cut their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Compass Point assumed coverage on PayPal in a research note on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, Bank of America lowered their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.68.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pandora Wealth Inc. bought a new position in PayPal during the first quarter worth about $198,000. Fiduciary Family Office LLC acquired a new stake in PayPal during the first quarter worth approximately $810,000. Benjamin Edwards Inc. lifted its position in PayPal by 4.8% during the first quarter. Benjamin Edwards Inc. now owns 30,547 shares of the credit services provider's stock worth $1,993,000 after acquiring an additional 1,398 shares during the last quarter. Koa Wealth Management LLC lifted its position in PayPal by 419.4% during the first quarter. Koa Wealth Management LLC now owns 15,063 shares of the credit services provider's stock worth $983,000 after acquiring an additional 12,163 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in PayPal by 457.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 521,083 shares of the credit services provider's stock worth $34,001,000 after acquiring an additional 427,636 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.