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

PYPL stock traded up $0.42 during trading on Wednesday, reaching $72.71. 2,916,615 shares of the company's stock were exchanged, compared to its average volume of 11,228,468. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal Holdings, Inc. has a 1-year low of $55.85 and a 1-year high of $93.66. The company's fifty day moving average price is $65.79 and its 200-day moving average price is $77.57. The firm has a market cap of $70.71 billion, a PE ratio of 18.11, a P/E/G ratio of 1.27 and a beta of 1.51.

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

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction 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 transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in PayPal by 2.1% in the third quarter. Principal Financial Group Inc. now owns 1,182,316 shares of the credit services provider's stock worth $92,256,000 after purchasing an additional 24,193 shares during the last quarter. Diversified Trust Co boosted its stake in shares of PayPal by 1.7% during the 4th quarter. Diversified Trust Co now owns 17,813 shares of the credit services provider's stock worth $1,520,000 after acquiring an additional 298 shares during the last quarter. Worth Asset Management LLC purchased a new position in shares of PayPal during the 4th quarter worth $1,312,000. Fulton Bank N.A. increased its stake in shares of PayPal by 10.1% in the fourth quarter. Fulton Bank N.A. now owns 6,959 shares of the credit services provider's stock worth $594,000 after purchasing an additional 640 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its stake in shares of PayPal by 6.5% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,936 shares of the credit services provider's stock valued at $421,000 after buying an additional 303 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PYPL. UBS Group reduced their price objective on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Friday, February 28th. Barclays dropped their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Compass Point initiated coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target for the company. Finally, Wells Fargo & Company dropped their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $83.68.

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.

About PayPal

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.