BlackRock Amends Pinterest Stake Filing (SC 13G/A)
Ticker: PINS · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1506293
| Field | Detail |
|---|---|
| Company | Pinterest, Inc. (PINS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: PINS
TL;DR
**BlackRock still owns a big chunk of Pinterest, showing institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Pinterest, Inc. Common Stock as of December 31, 2023. This filing, an amendment to a previous disclosure, shows BlackRock's continued significant, but passive, stake in Pinterest. For investors, this means a major institutional player maintains confidence in Pinterest, which can be a positive signal, though the exact change in their holding isn't detailed in this snippet.
Why It Matters
This filing confirms BlackRock's ongoing substantial, passive investment in Pinterest, signaling institutional confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
An investor should note BlackRock's continued passive stake as a sign of institutional confidence, but this filing alone doesn't provide new actionable insights on share count changes or future performance.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- PINTEREST, INC. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- 72352L106 (other) — CUSIP Number for Pinterest Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., a large institutional investment manager.
What company's securities are the subject of this filing?
The securities that are the subject of this filing are the Common Stock of PINTEREST, INC.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box [X].
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding PINTEREST, INC. (PINS).