Rep. Jefferson Shreve Buys PayPal Holdings, Inc. (NASDAQ:PYPL) Stock

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 Up 2.5%

Shares of NASDAQ PYPL traded up $1.72 during mid-day trading on Monday, reaching $71.98. The company had a trading volume of 7,590,956 shares, compared to its average volume of 11,238,527. PayPal Holdings, Inc. has a 52-week low of $55.85 and a 52-week 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. The stock has a market cap of $70.01 billion, a P/E ratio of 17.95, a PEG ratio of 1.27 and a beta of 1.51. The firm has a 50 day simple moving average of $65.65 and a two-hundred day simple moving average of $77.67.

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

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter worth approximately $25,000. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of PayPal in the fourth quarter worth $27,000. Evermay Wealth Management LLC grew its holdings in shares of PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock valued at $27,000 after buying an additional 363 shares in the last quarter. Finally, Garde Capital Inc. acquired a new position in PayPal during the first quarter valued at $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 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 SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, April 30th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Seaport Res Ptn downgraded PayPal from a “hold” rating to a “strong sell” rating in a report on Thursday, April 17th. Citigroup decreased their price objective on shares of PayPal from $98.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, May 6th. Finally, Arete Research set a $81.00 price target on shares of PayPal in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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 [email protected] 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.