David Einhorn’s DME Capital bought $61.5 million of PayPal shares in Q2 as PYPL trades at about 11.7x earnings
AI Market Summary
David Einhorn's DME Capital opened a ~$61.5m PayPal position in Q2, highlighting renewed value interest after a multi-year drawdown. Q2 results beat expectations and free cash flow surged, with management raising full-year guidance, supporting the turnaround narrative despite intense payments competition. Analyst positioning remains mixed, suggesting the news may lift near-term sentiment but does not resolve broader debate on sustainable growth and rerating.
Impact level
● Medium
Affected assets
NCSKPYPL2USD/USDT-0.40%
AI Insight · NCSKPYPL2USD/USDTAI Insight
● Neutral
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Hedge fund manager David Einhorn’s DME Capital Management bought about 1.42 million PayPal shares in the second quarter, valued at $61.5 million. PayPal reported Q2 adjusted EPS of $1.38, about 8% above expectations. The stock has rebounded recently, leaving it valued at roughly 11.7 times earnings. That multiple sits below the financial services sector median.
