BlackRock Amends Pinterest Stake Filing (SC 13G/A)

Ticker: PINS · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

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

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].

From the Filing

0001086364-24-005631.txt : 20240129 0001086364-24-005631.hdr.sgml : 20240129 20240129172556 ACCESSION NUMBER: 0001086364-24-005631 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PINTEREST, INC. CENTRAL INDEX KEY: 0001506293 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] ORGANIZATION NAME: 06 Technology IRS NUMBER: 263607129 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90987 FILM NUMBER: 24574968 BUSINESS ADDRESS: STREET 1: 651 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 BUSINESS PHONE: 4157627100 MAIL ADDRESS: STREET 1: 651 BRANNAN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94107 FORMER COMPANY: FORMER CONFORMED NAME: Pinterest, Inc. DATE OF NAME CHANGE: 20120808 FORMER COMPANY: FORMER CONFORMED NAME: Cold Brew Labs Inc. DATE OF NAME CHANGE: 20101122 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 us72352l1061_012924.txt us72352l1061_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) PINTEREST, INC. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 72352L106 -------------------------------------------------------- (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. 72352L106 (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 31427245 (6) Shared voting power 0 (7) Sole dispositive power 36051756 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 36051756 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- PINTEREST, INC. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 651 BRANNAN STREET SAN FRANCISCO CA 94107 Item 2. 2(a) Name of person filing: -

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