Summary by Moomoo AI
BlackRock, Inc., a major investment management corporation based in Delaware, has filed an amended Schedule 13G with the Securities and Exchange Commission on January 26, 2024, indicating a significant ownership stake in PayPal Holdings, Inc. According to the filing, BlackRock now beneficially owns 72,523,555 shares of PayPal's common stock, which represents 6.7% of the company's class of securities. This position gives BlackRock sole voting power over 64,471,044 shares and sole dispositive power over all 72,523,555 shares it holds. The filing, which is an update to previous submissions, specifies that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of PayPal. The address of BlackRock's principal business office is listed as 50 Hudson Yards, New York, NY 10001.