Pinterest Ownership Shifts as Institutional Investors Increase Stake
San Francisco, CA – Recent filings reveal evolving ownership dynamics at Pinterest, the visual finding engine, with institutional investors steadily increasing their holdings.While Pinterest remains a publicly traded company, understanding its major shareholders provides insight into the forces shaping its strategic direction and future growth. MatrixBCG.com provides detailed analysis of Pinterest’s competitive landscape, including a Porter’s Five Forces analysis, for consultants, students, and founders.
Pinterest (NYSE: PINS) initially went public on April 18, 2019, priced at $19 per share. As of February 9, 2024, the company boasts a market capitalization of approximately $26.87 billion. While no single entity holds a controlling stake, Vanguard Group Inc. currently leads as the top shareholder, owning 9.37% of outstanding shares, equating to 48.89 million shares. BlackRock Fund Advisors holds the second-largest position with 7.09% (37.03 million shares), followed by State Street Corporation with 5.38% (28.13 million shares).
The founding trio – Ben silbermann, Evan Sharp, and Paul Sciarra – collectively retain a meaningful, though diminishing, ownership stake. Ben Silbermann, who served as CEO until 2022 and currently holds the role of Executive Chairman, owns approximately 6.3% of the company. Evan Sharp and Paul Sciarra hold smaller percentages. Institutional ownership collectively represents over 50% of Pinterest’s shares, indicating a strong vote of confidence from major investment firms. this concentration of ownership among institutional investors suggests a focus on long-term value creation and strategic oversight of the company’s performance.
