PayPal (NASDAQ:PYPL) Shares Acquired Rep. Josh Gottheimer

Representative Josh Gottheimer (D-New Jersey) recently bought shares of PayPal Holdings, Inc. (NASDAQ:PYPL). In a filing disclosed on November 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in PayPal stock on October 24th. The trade occurred in the Representative’s “MORGAN STANLEY – SELECT UMA ACCOUNT # 1” account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Texas Capital Bancshares (NASDAQ:TCBI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ITT (NYSE:ITT) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Stifel Financial (NYSE:SF) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of ICU Medical (NASDAQ:ICUI) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of AppFolio (NASDAQ:APPF) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Gates Industrial (NYSE:GTES) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/29/2024.
• Purchased $1,001 – $15,000 in shares of Techtronic Industries (OTCMKTS:TTNDY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Disco (OTCMKTS:DSCSY) on 10/28/2024.
• Purchased $1,001 – $15,000 in shares of Enerpac Tool Group (NYSE:EPAC) on 10/25/2024.

PayPal Trading Up 2.0 %

NASDAQ:PYPL opened at $83.01 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal Holdings, Inc. has a 12 month low of $53.87 and a 12 month high of $83.70. The company has a market cap of $83.22 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.43. The company has a 50 day simple moving average of $77.37 and a two-hundred day simple moving average of $68.28.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 EPS. Research analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Analyst Ratings Changes

PYPL has been the topic of several analyst reports. Daiwa Capital Markets upgraded shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $68.00 to $72.00 in a research note on Friday, August 9th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Oppenheimer initiated coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

Hedge Funds Weigh In On PayPal

A number of institutional investors and hedge funds have recently modified their holdings of PYPL. Central Pacific Bank Trust Division purchased a new position in PayPal during the first quarter worth $176,000. GSA Capital Partners LLP boosted its stake in shares of PayPal by 12.3% during the 1st quarter. GSA Capital Partners LLP now owns 13,341 shares of the credit services provider’s stock worth $894,000 after purchasing an additional 1,465 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in PayPal during the 1st quarter valued at about $289,000. Geneos Wealth Management Inc. raised its position in PayPal by 15.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 42,005 shares of the credit services provider’s stock worth $2,814,000 after purchasing an additional 5,689 shares during the period. Finally, Grandfield & Dodd LLC lifted its stake in PayPal by 3.3% in the first quarter. Grandfield & Dodd LLC now owns 376,399 shares of the credit services provider’s stock worth $25,215,000 after purchasing an additional 12,104 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.