Pinterest, Inc. $PINS Stock Holdings Boosted by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Pinterest by 166.1% in Q1, acquiring an additional 168,464 shares, bringing its total holdings to 269,892 shares valued at approximately $8.37 million.
• Several institutional investors have also adjusted their positions, with 88.81% of Pinterest stock currently held by such entities.
• Pinterest reported Q2 earnings of $0.33 per share, slightly missing expectations, while its revenue of $998.23 million surpassed estimates by $24.81 million.

Aberdeen Group plc boosted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 166.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 269,892 shares of the company's stock after purchasing an additional 168,464 shares during the period. Aberdeen Group plc's holdings in Pinterest were worth $8,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PINS. Revolve Wealth Partners LLC acquired a new stake in Pinterest during the fourth quarter valued at approximately $252,000. Dimensional Fund Advisors LP raised its stake in Pinterest by 9.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,754,338 shares of the company's stock valued at $50,878,000 after buying an additional 144,498 shares in the last quarter. Natixis raised its stake in Pinterest by 59.3% during the fourth quarter. Natixis now owns 27,006 shares of the company's stock valued at $783,000 after buying an additional 10,054 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Pinterest by 1.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 276,622 shares of the company's stock valued at $8,022,000 after buying an additional 5,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Pinterest by 113.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 28,165 shares of the company's stock valued at $817,000 after buying an additional 14,978 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Trading Up 2.0%

PINS traded up $0.6950 during trading hours on Friday, hitting $35.5650. The company's stock had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The firm has a market capitalization of $24.18 billion, a PE ratio of 12.75, a PEG ratio of 1.40 and a beta of 0.78. The company has a 50-day simple moving average of $36.32 and a 200 day simple moving average of $33.29.

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

Analysts Set New Price Targets

Several analysts have issued reports on PINS shares. Bank of America upped their price objective on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Pinterest in a research note on Friday, August 8th. Cowen reiterated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Sanford C. Bernstein increased 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. Finally, Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Thursday, May 15th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the completion of the transaction, the director directly owned 8,414 shares of the company's stock, valued at approximately $279,428.94. This trade represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 1,090,520 shares of company stock worth $38,235,271. Company insiders own 7.06% of the company's stock.

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.