Rep. Dan Newhouse Sells Off Shares of PayPal Holdings, Inc. (NASDAQ:PYPL)

Representative Dan Newhouse (R-Washington) recently sold shares of PayPal Holdings, Inc. NASDAQ: PYPL. In a filing disclosed on May 16th, the Representative disclosed that they had sold between $1,001 and $15,000 in PayPal stock on April 11th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Union Pacific NYSE: UNP on 4/11/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Moody's NYSE: MCO on 4/11/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Dollar General NYSE: DG on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 4/11/2025.
• Sold $1,001 - $15,000 in shares of BlackRock NYSE: BLK on 4/11/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 4/11/2025.

PayPal Stock Performance

Shares of PYPL traded up $1.89 during midday trading on Tuesday, reaching $71.74. The stock had a trading volume of 4,400,683 shares, compared to its average volume of 11,420,908. The firm has a market cap of $69.77 billion, a PE ratio of 17.89, a P/E/G ratio of 1.27 and a beta of 1.51. The firm has a 50 day simple moving average of $66.28 and a 200-day simple moving average of $77.01. PayPal Holdings, Inc. has a one year low of $55.85 and a one year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $1.08 EPS. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC bought a new position in PayPal in the 4th quarter valued at approximately $25,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC bought a new position in shares of PayPal in the 4th quarter valued at $27,000. Evermay Wealth Management LLC boosted its holdings in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after acquiring an additional 363 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of PayPal during the 1st quarter valued at $28,000. Institutional investors own 68.32% of the company's stock.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. Compass Point began coverage on shares of PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price objective on the stock. Barclays cut their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. Finally, Macquarie cut their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $83.68.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.