Amundi Increases Stock Position in Pinterest, Inc. $PINS

Key Points

• Amundi increased its stake in Pinterest, Inc. by 618.9% during the 1st quarter, acquiring a total of 14,254,741 shares worth approximately $441.9 million.
• Pinterest's stock opened at $37.11, with a market cap of $25.23 billion and a 1-year price range between $23.68 and $40.90.
• The company reported a net margin of 49.31% for the quarter, with quarterly revenue of $998.23 million, surpassing analysts' expectations.

Amundi boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 618.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,254,741 shares of the company's stock after purchasing an additional 12,271,958 shares during the quarter. Amundi owned about 2.10% of Pinterest worth $441,897,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in Pinterest by 73.9% in the 1st 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 purchased a new stake in Pinterest in the 1st quarter worth $235,000. Concurrent Investment Advisors LLC purchased a new stake in Pinterest in the 1st quarter worth $261,000. Wealth Enhancement Advisory Services LLC lifted its stake in Pinterest by 21.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after purchasing an additional 19,552 shares in the last quarter. Finally, Revolve Wealth Partners LLC purchased a new stake in Pinterest in the 4th quarter worth $252,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Price Performance

Pinterest stock opened at $37.11 on Thursday. 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 $25.23 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77. The company's 50-day moving average is $36.59 and its 200 day moving average is $33.21.

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

Analyst Upgrades and Downgrades

PINS has been the topic of several research analyst reports. Wolfe Research upgraded shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research note on Thursday, May 15th. BMO Capital Markets decreased their target price on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Barclays upped their target price on shares of Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Cowen restated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Finally, Oppenheimer restated an "outperform" rating on shares of Pinterest in a research report on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $36.03, for a total value of $3,678,050.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,759 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the sale, the chief accounting officer directly owned 157,402 shares in the company, valued at $5,502,773.92. This trade represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 992,196 shares of company stock valued at $35,442,008. Company insiders own 7.11% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.