BlackRock Amends PayPal Stake, Maintains Significant Holding

TL;DR

**BlackRock still owns a big chunk of PayPal, signaling continued institutional confidence.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 26, 2024, disclosing its ownership in PayPal Holdings, Inc. as of December 31, 2023. This amendment, number 6, indicates that BlackRock continues to hold a significant stake in PayPal, maintaining its position as a major institutional investor. This matters to investors because BlackRock's continued substantial holding signals confidence in PayPal's long-term prospects, potentially influencing other institutional and retail investors.

Why It Matters

BlackRock's sustained large investment in PayPal suggests institutional confidence, which can positively influence market perception and investor sentiment for PayPal stock.

Risk Assessment

Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks or significant changes in strategy.

Analyst Insight

Investors should note BlackRock's continued presence as a significant shareholder, which can be a positive signal, but should also conduct their own due diligence on PayPal's financial performance and future outlook.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• PayPal Holdings, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring this filing
• January 26, 2024 (date) — the filing date of the SC 13G/A

FAQ

From the Filing

0001086364-24-004846.txt : 20240126 0001086364-24-004846.hdr.sgml : 20240126 20240126172522 ACCESSION NUMBER: 0001086364-24-004846 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PayPal Holdings, Inc. CENTRAL INDEX KEY: 0001633917 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 472989869 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89275 FILM NUMBER: 24569137 BUSINESS ADDRESS: STREET 1: 2211 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95131 BUSINESS PHONE: (408) 967-1000 MAIL ADDRESS: STREET 1: 2211 NORTH FIRST STREET CITY: SAN JOSE STATE: CA ZIP: 95131 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us70450y1038_012624.txt us70450y1038_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 6) PayPal Holdings, Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 70450Y103 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 70450Y103 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 64471044 (6) Shared voting power 0 (7) Sole dispositive power 72523555 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 72523555 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.7% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- PayPal Holdings, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2211 NORTH FIRST STREET SAN JOSE CA 95131 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ------------------------------------------