PAYPAL HLDGS INC PYPL
COM · Common Stock · CUSIP 70450Y103 · ISIN US70450Y1038
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersSan Jose, CA
- Founded2015
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($292.6m this quarter). Holder counts are more reliable. Shares outstanding: 1.0bn as of 2024-07-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $58.76. Options: 91 managers hold calls ($3.1bn notional), 65 hold puts ($2.7bn).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,123 |
| Q4 2022 | 2,014 |
| Q1 2023 | 1,966 |
| Q2 2023 | 1,884 |
| Q3 2023 | 1,770 |
| Q4 2023 | 1,845 |
| Q1 2024 | 1,795 |
| Q2 2024 | 1,752 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 692 | 1,318 |
| Q1 2023 | 932 | 956 |
| Q2 2023 | 835 | 1,033 |
| Q3 2023 | 774 | 984 |
| Q4 2023 | 715 | 991 |
| Q1 2024 | 824 | 947 |
| Q2 2024 | 731 | 940 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $3.0bn | $3.2bn | 1.05 |
| Q4 2023 | $4.0bn | $3.6bn | 0.90 |
| Q1 2024 | $4.2bn | $3.6bn | 0.87 |
| Q2 2024 | $3.1bn | $2.7bn | 0.87 |
Biggest buyers
| Amundi | Added | +6.4m |
| ONTARIO TEACHERS PENSION PLAN BOARD | Added | +5.6m |
| Greenvale Capital LLP | Added | +3.2m |
| PRIMECAP MANAGEMENT CO/CA/ | Added | +3.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.0m |
| Clearbridge Investments, LLC | Added | +1.9m |
| Artisan Partners Limited Partnership | New | +1.6m |
| FMR LLC | Added | +1.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.4m |
| Evergreen Quality Fund GP, Ltd. | New | +1.3m |
Biggest sellers
| MORGAN STANLEY | Reduced | -34.5m |
| Point72 Asset Management, L.P. | Reduced | -2.6m |
| VANGUARD GROUP INC | Reduced | -2.4m |
| CITADEL ADVISORS LLC | Reduced | -2.4m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Reduced | -2.2m |
| COATUE MANAGEMENT LLC | Reduced | -2.0m |
| NORGES BANK | Reduced | -1.8m |
| TWO SIGMA ADVISERS, LP | Reduced | -1.7m |
| CITIGROUP INC | Reduced | -1.6m |
| BlackRock Inc. | Reduced | -1.6m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $666.3m11.5m shares |
| CITADEL ADVISORS LLC | Reduced | $469.8m8.1m shares |
| PUBLIC INVESTMENT FUND | Added | $247.3m4.3m shares |
| SIMPLEX TRADING, LLC | Added | $214.4m4.3m shares |
| IMC-Chicago, LLC | Added | $160.4m2.8m shares |
| JANE STREET GROUP, LLC | Reduced | $117.2m2.0m shares |
| BANK OF AMERICA CORP /DE/ | Added | $111.4m1.9m shares |
| CTC LLC | Reduced | $91.4m15.8k shares |
| BARCLAYS PLC | Added | $91.4m1.6m shares |
| WOLVERINE TRADING, LLC | Added | $83.7m1.4m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $458.9m7.9m shares |
| CITADEL ADVISORS LLC | Reduced | $337.8m5.8m shares |
| JANE STREET GROUP, LLC | Added | $265.5m4.6m shares |
| D. E. Shaw & Co., Inc. | Reduced | $205.9m3.5m shares |
| SIMPLEX TRADING, LLC | Reduced | $138.6m2.4m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $130.0m2.2m shares |
| IMC-Chicago, LLC | Reduced | $122.0m2.1m shares |
| Parallax Volatility Advisers, L.P. | Added | $114.2m2.0m shares |
| BANK OF AMERICA CORP /DE/ | Added | $112.4m1.9m shares |
| Walleye Trading LLC | Added | $87.1m1.5m shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-29 | 8.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $2.1m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $2.0m | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 1 | $13.5k | $13.5k |
| Q4 2023 | 0 | — | 2 | $4.5m | $3.6m |
| Q1 2024 | 0 | — | 1 | $466.1k | — |
| Q2 2024 | 0 | — | 1 | $272.6k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-24 | MESSEMER DEBORAH M. Director | Sold | $272.6k4.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 87.8m $5.1bn | Reduced -2.4m |
| BlackRock Inc. 0.10% of their portfolio | 72.8m $4.2bn | Reduced -1.6m |
| STATE STREET CORP 0.11% of their portfolio | 44.0m $2.6bn | Reduced -596.3k |
| Comprehensive Financial Management LLC 57.53% of their portfolio | 28.2m $1.6bn | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 21.7m $1.3bn | Reduced -17.1k |
| MORGAN STANLEY 0.08% of their portfolio | 17.4m $1.0bn | Reduced -34.5m |
| Amundi 0.30% of their portfolio | 13.2m $784.5m | Added +6.4m |
| DEUTSCHE BANK AG\ 0.29% of their portfolio | 11.1m $643.3m | Added +702.0k |
| NORGES BANK 0.09% of their portfolio | 10.7m $623.2m | Reduced -1.8m |
| BANK OF AMERICA CORP /DE/ 0.05% of their portfolio | 9.7m $562.6m | Added +1.1m |
| NORTHERN TRUST CORP 0.09% of their portfolio | 9.5m $552.4m | Reduced -221.7k |
| FMR LLC 0.03% of their portfolio | 9.0m $522.0m | Added +1.5m |
| Nuveen Asset Management, LLC 0.15% of their portfolio | 8.6m $497.9m | Reduced -752.5k |
| Clearbridge Investments, LLC 0.40% of their portfolio | 8.5m $493.9m | Added +1.9m |
| Invesco Ltd. 0.10% of their portfolio | 7.8m $453.7m | Added +179.9k |
| BARCLAYS PLC 0.20% of their portfolio | 7.4m $429.9m | Reduced -175.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 7.2m $420.1m | Added +17.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.12% of their portfolio | 7.2m $417.7m | Added +2.0m |
| Bank of New York Mellon Corp 0.08% of their portfolio | 7.0m $404.4m | Reduced -341.5k |
| LOOMIS SAYLES & CO L P 0.56% of their portfolio | 7.0m $403.8m | Added +80.1k |
| Legal & General Group Plc 0.11% of their portfolio | 6.8m $396.8m | Reduced -51.1k |
| CITADEL ADVISORS LLC 0.36% of their portfolio | 6.3m $363.2m | Reduced -2.4m |
| COATUE MANAGEMENT LLC 1.37% of their portfolio | 6.1m $352.0m | Reduced -2.0m |
| TWO SIGMA ADVISERS, LP 0.74% of their portfolio | 5.7m $332.7m | Reduced -1.7m |
| ONTARIO TEACHERS PENSION PLAN BOARD 3.22% of their portfolio | 5.7m $328.5m | Added +5.6m |
| Greenvale Capital LLP 10.75% of their portfolio | 5.3m $310.5m | Added +3.2m |
| Assenagon Asset Management S.A. 0.74% of their portfolio | 5.1m $296.5m | Added +181.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.21% of their portfolio | 4.9m $287.0m | Added +3.2m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 4.9m $282.9m | Reduced -787.1k |
| FIRST TRUST ADVISORS LP 0.28% of their portfolio | 4.7m $271.8m | Added +782.1k |
| Lindsell Train Ltd 6.32% of their portfolio | 4.6m $273.8m | Reduced -173.5k |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 4.4m $258.1m | Added +1.1m |
| Black Creek Investment Management Inc. 9.16% of their portfolio | 4.2m $246.1m | Reduced -340.1k |
| ROYAL BANK OF CANADA 0.06% of their portfolio | 4.0m $233.1m | Added +422.3k |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 3.9m $224.2m | Reduced -432.8k |
| UBS Group AG 0.07% of their portfolio | 3.8m $220.4m | Reduced -578.9k |
| TWO SIGMA INVESTMENTS, LP 0.52% of their portfolio | 3.8m $220.0m | Added +20.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.23% of their portfolio | 3.7m $212.8m | Reduced -298.2k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 3.2m $183.8m | Added +409.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.46% of their portfolio | 3.0m $176.8m | Added +146.6k |
| Swiss National Bank 0.12% of their portfolio | 3.0m $171.8m | Reduced -106.5k |
| Temasek Holdings (Private) Ltd 0.80% of their portfolio | 3.0m $171.3m | Reduced -287.1k |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 2.9m $167.1m | Added +1.4m |
| Sumitomo Mitsui Trust Group, Inc. 0.12% of their portfolio | 2.8m $163.9m | Added +84.6k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 2.6m $153.5m | Added +160.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.26% of their portfolio | 2.6m $149.6m | Added +1.1m |
| LSV ASSET MANAGEMENT 0.32% of their portfolio | 2.5m $146.5m | Added +43.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 2.5m $143.0m | Added +840.8k |
| JANE STREET GROUP, LLC 0.15% of their portfolio | 2.3m $133.6m | Added +263.8k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 2.3m $133.0m | Reduced -115.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.22% of their portfolio | 2.3m $131.6m | Reduced -17.5k |
| BANK OF MONTREAL /CAN/ 0.19% of their portfolio | 2.2m $617.7m | Reduced -228.9k |
| Foxhaven Asset Management, LP 3.55% of their portfolio | 2.2m $126.8m | Added +286.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.15% of their portfolio | 2.2m $127.1m | Reduced -548.2k |
| RHUMBLINE ADVISERS 0.12% of their portfolio | 2.1m $123.9m | Reduced -163.3k |
| CITIGROUP INC 0.12% of their portfolio | 2.1m $122.1m | Reduced -1.6m |
| Point72 Asset Management, L.P. 0.39% of their portfolio | 2.1m $120.4m | Reduced -2.6m |
| HS Management Partners, LLC 6.64% of their portfolio | 2.1m $120.2m | Reduced -119.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.49% of their portfolio | 2.1m $119.0m | Added +6.9k |
| National Pension Service 0.13% of their portfolio | 2.0m $114.5m | Added +23.4k |
| EQUITY INVESTMENT CORP 2.86% of their portfolio | 1.9m $112.0m | Added +378.7k |
| NATIONAL BANK OF CANADA /FI/ 0.17% of their portfolio | 1.9m $109.0m | Added +1.0m |
| Walleye Trading LLC 2.15% of their portfolio | 1.9m $108.9m | Reduced -88.2k |
| CANADA LIFE ASSURANCE Co 0.20% of their portfolio | 1.9m $108.1m | Added +178.5k |
| California Public Employees Retirement System 0.08% of their portfolio | 1.8m $104.4m | Reduced -129.1k |
| PUBLIC INVESTMENT FUND 0.58% of their portfolio | 1.8m $102.1m | Unchanged |
| AQR CAPITAL MANAGEMENT LLC 0.16% of their portfolio | 1.7m $101.4m | Added +108.1k |
| PRUDENTIAL FINANCIAL INC 0.15% of their portfolio | 1.7m $100.8m | Reduced -11.9k |
| Thrivent Financial for Lutherans 0.19% of their portfolio | 1.7m $96.3m | Reduced -12.0k |
| Ensign Peak Advisors, Inc 0.18% of their portfolio | 1.7m $95.8m | Added +295.3k |
| Artisan Partners Limited Partnership 0.14% of their portfolio | 1.6m $95.2m | New |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.6m $94.4m | Reduced -183.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.11% of their portfolio | 1.6m $93.4m | Reduced -54.3k |
| Bridgewater Associates, LP 0.49% of their portfolio | 1.6m $93.2m | Reduced -225.8k |
| D. E. Shaw & Co., Inc. 0.13% of their portfolio | 1.6m $91.1m | Reduced -483.4k |
| Select Equity Group, L.P. 0.36% of their portfolio | 1.6m $90.8m | Added +187.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.5m $88.3m | Added +49.7k |
| Liontrust Investment Partners LLP 1.22% of their portfolio | 1.5m $85.7m | Added +322.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.10% of their portfolio | 1.4m $83.9m | Added +130.1k |
| AVIVA PLC 0.23% of their portfolio | 1.4m $83.5m | Added +160.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.11% of their portfolio | 1.4m $82.4m | Reduced -56.0k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 1.4m $80.9m | Added +448.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 1.4m $78.9m | Reduced -1.1m |
| STIFEL FINANCIAL CORP 0.09% of their portfolio | 1.4m $78.6m | Added +50.4k |
| MARSHALL WACE, LLP 0.11% of their portfolio | 1.3m $75.9m | Added +489.8k |
| Evergreen Quality Fund GP, Ltd. 3.07% of their portfolio | 1.3m $74.4m | New |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.2m $70.8m | Reduced -88.7k |
| RAYMOND JAMES & ASSOCIATES 0.05% of their portfolio | 1.2m $70.0m | Added +112.7k |
| Dorsey Asset Management, LLC 8.28% of their portfolio | 1.2m $69.5m | Reduced -15.4k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.16% of their portfolio | 1.2m $69.0m | First filing |
| TWINBEECH CAPITAL LP 1.35% of their portfolio | 1.2m $68.4m | Added +1.1m |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.62% of their portfolio | 1.2m $68.2m | Added +948.1k |
| Vontobel Holding Ltd. 0.22% of their portfolio | 1.2m $67.3m | Added +115.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 1.2m $67.2m | Reduced -59.5k |
| Man Group plc 0.18% of their portfolio | 1.2m $66.9m | Reduced -826.6k |
| ProShare Advisors LLC 0.17% of their portfolio | 1.1m $65.3m | Reduced -141.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.13% of their portfolio | 1.1m $63.2m | Reduced -69.8k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.12% of their portfolio | 1.1m $63.1m | Reduced -182.9k |
| J. Goldman & Co LP 2.33% of their portfolio | 1.1m $62.6m | Added +397.9k |
| FLOSSBACH VON STORCH SE 0.26% of their portfolio | 1.1m $62.4m | Reduced -19.5k |