Pinterest, Inc. $PINS Shares Purchased by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Pinterest, Inc. by 31.3% in the first quarter, acquiring 1,495,473 additional shares to own a total of 6,267,577 shares valued at approximately $189.9 million.
• Multiple institutional investors, including Vanguard Group and Price T. Rowe Associates, have also significantly raised their positions in Pinterest, contributing to a total of 88.81% institutional ownership of the stock.
• Pinterest's recent earnings report revealed revenue of $998.23 million, exceeding analysts' expectations, although its earnings per share of $0.33 slightly missed consensus estimates.

AQR Capital Management LLC increased its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 31.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,267,577 shares of the company's stock after acquiring an additional 1,495,473 shares during the quarter. AQR Capital Management LLC owned about 0.92% of Pinterest worth $189,876,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC bought a new position in Pinterest during the first quarter valued at $25,000. Garde Capital Inc. bought a new position in Pinterest during the first quarter valued at $26,000. NBC Securities Inc. lifted its position in Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after purchasing an additional 999 shares during the last quarter. American National Bank & Trust bought a new position in Pinterest during the first quarter valued at $32,000. Finally, Golden State Wealth Management LLC lifted its position in Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after purchasing an additional 1,058 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PINS shares. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a research note on Thursday, May 15th. Piper Sandler set a $40.00 price target on shares of Pinterest in a research note on Friday, August 8th. Wall Street Zen raised shares of Pinterest from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. TD Cowen raised their price target on shares of Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus raised their price target on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Pinterest has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Pinterest Trading Up 2.1%

Shares of NYSE:PINS traded up $0.77 during trading on Friday, reaching $37.89. The stock had a trading volume of 8,399,867 shares, compared to its average volume of 9,248,710. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The company has a market capitalization of $25.77 billion, a P/E ratio of 13.58, a PEG ratio of 1.59 and a beta of 0.77. The firm's 50-day simple moving average is $36.66 and its 200 day simple moving average is $33.15.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results 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 net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The firm's quarterly revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares in the company, valued at $1,071,000. This trade represents a 3.62% decrease in their position. The transaction 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 Pinterest stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the completion of the sale, the chief technology officer owned 428,823 shares of the company's stock, 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 have sold 1,088,005 shares of company stock valued at $39,009,156 over the last 90 days. 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.