14B Captial Management LP Buys 17,000 Shares of Pinterest, Inc. $PINS

Key Points

• 14B Capital Management LP increased its stake in Pinterest, buying an additional 17,000 shares to bring its total holdings to 746,000 shares, representing 9.6% of the fund's portfolio.
• Several other hedge funds also raised their positions in Pinterest, with Vanguard Group adding 1,263,863 shares and Price T Rowe Associates increasing their stake by 25.4% during the first quarter.
• Pinterest recently reported quarterly earnings of $0.33 per share, slightly missing analysts' expectations, but showed a 16.9% increase in revenue compared to the same quarter last year.

14B Captial Management LP boosted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 2.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 746,000 shares of the company's stock after purchasing an additional 17,000 shares during the quarter. Pinterest makes up approximately 9.6% of 14B Captial Management LP's holdings, making the stock its 5th largest position. 14B Captial Management LP owned approximately 0.11% of Pinterest worth $23,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Riverpark Capital Management LLC boosted its position in Pinterest by 1.2% during the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock valued at $987,000 after purchasing an additional 377 shares during the period. Smartleaf Asset Management LLC boosted its position in Pinterest by 18.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company's stock worth $96,000 after acquiring an additional 476 shares during the period. Redwood Investment Management LLC boosted its position in Pinterest by 3.2% during the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after acquiring an additional 495 shares during the period. NorthRock Partners LLC boosted its position in Pinterest by 4.7% during the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock worth $349,000 after acquiring an additional 502 shares during the period. Finally, Brooklyn Investment Group boosted its position in Pinterest by 8.9% during the 1st quarter. Brooklyn Investment Group now owns 6,743 shares of the company's stock worth $209,000 after acquiring an additional 552 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Analysts Set New Price Targets

PINS has been the subject of a number of analyst reports. Barclays boosted their price target on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. BMO Capital Markets reduced their price target on Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Sanford C. Bernstein boosted their price target on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Guggenheim reiterated a "buy" rating on shares of Pinterest in a research report on Tuesday. Finally, Benchmark boosted their price target on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Price Performance

Shares of Pinterest stock traded up $0.77 during trading on Friday, hitting $37.89. The stock had a trading volume of 8,399,867 shares, compared to its average volume of 9,248,710. The firm has a market cap of $25.77 billion, a P/E ratio of 13.58, a PEG ratio of 1.55 and a beta of 0.77. The business has a fifty day moving average of $36.66 and a two-hundred day moving average of $33.19. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company's quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total transaction of $40,250.00. Following the sale, the director directly owned 30,600 shares of the company's stock, valued at $1,071,000. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Matthew Madrigal sold 20,000 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the sale, the chief technology officer directly owned 428,823 shares in the company, valued at $16,543,991.34. This trade represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,088,005 shares of company stock valued at $39,009,156 over the last ninety days. 7.06% of the stock is currently owned by company insiders.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.