Pinterest, Inc. $PINS Stock Position Raised by American Century Companies Inc.

Key Points

• American Century Companies Inc. has increased its stake in Pinterest, now owning 4.6 million shares worth approximately $143.59 million, representing a 4.1% increase during the first quarter.
• Various institutional investors have expanded their positions in Pinterest, with 88.81% of the stock now owned by such investors.
• Pinterest reported $0.33 EPS for the recent quarter, slightly missing estimates, but showed a 16.9% year-over-year revenue increase.

American Century Companies Inc. grew its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,631,895 shares of the company's stock after buying an additional 182,273 shares during the quarter. American Century Companies Inc. owned about 0.68% of Pinterest worth $143,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in Pinterest by 73.9% during the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after purchasing an additional 37,829 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Pinterest during the 1st quarter valued at $235,000. Concurrent Investment Advisors LLC bought a new stake in shares of Pinterest in the 1st quarter worth $261,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Pinterest by 21.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock valued at $3,478,000 after buying an additional 19,552 shares during the period. Finally, Revolve Wealth Partners LLC acquired a new position in Pinterest during the fourth quarter worth about $252,000. 88.81% of the stock is currently owned by institutional investors.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 29,606 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the transaction, the chief financial officer owned 362,890 shares in the company, valued at approximately $12,428,982.50. This represents a 7.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred 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 sale, the director owned 8,414 shares of the company's stock, valued at approximately $279,428.94. The trade was a 92.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 991,046 shares of company stock worth $34,745,961 in the last quarter. 7.11% of the stock is owned by corporate insiders.

Pinterest Stock Up 0.8%

Shares of Pinterest stock traded up $0.2650 during midday trading on Wednesday, hitting $35.4850. The company's stock had a trading volume of 7,273,092 shares, compared to its average volume of 11,848,678. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The firm has a market capitalization of $24.13 billion, a P/E ratio of 12.72, a PEG ratio of 1.78 and a beta of 0.78. The stock has a 50-day simple moving average of $36.25 and a 200-day simple moving average of $33.25.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $998.23 million for 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 firm's quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Wedbush upped their price target on shares of Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, August 8th. KeyCorp lifted their price target on shares of Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. TD Cowen upped their price target on Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised Pinterest from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Finally, Sanford C. Bernstein lifted their target price on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Twenty-five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.40.

About Pinterest

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.