Pinterest, Inc. $PINS Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Pinterest, Inc. by 8.7%, holding 129,290 shares valued at approximately $4.01 million after selling 12,300 shares during the first quarter.
• Despite the stake reduction, institutional investors own 88.81% of Pinterest's shares, with Janney Montgomery Scott LLC increasing its position by 73.9%.
• Pinterest reported $0.33 earnings per share for the latest quarter, missing estimates by $0.01, while revenue grew by 16.9% year-over-year to $998.23 million.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,290 shares of the company's stock after selling 12,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Pinterest were worth $4,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PINS. Price T Rowe Associates Inc. MD boosted its position in shares of Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after purchasing an additional 12,986,310 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock valued at $395,441,000 after purchasing an additional 4,527,902 shares in the last quarter. Contour Asset Management LLC bought a new position in shares of Pinterest during the fourth quarter valued at $86,330,000. Shapiro Capital Management LLC bought a new position in shares of Pinterest during the fourth quarter valued at $84,190,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Pinterest by 4,673.9% during the first quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock valued at $78,484,000 after purchasing an additional 2,478,708 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PINS. Barclays upped their price objective on Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research note on Thursday, May 15th. Cowen reaffirmed a "buy" rating on shares of Pinterest in a research note on Friday, August 8th. BMO Capital Markets dropped their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Pinterest 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 11,510 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $35.68, for a total value of $410,676.80. Following the completion of the sale, the insider directly owned 390,230 shares of the company's stock, valued at $13,923,406.40. This trade represents a 2.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $37.95, for a total value of $3,874,049.85. Following the sale, the director directly owned 8,414 shares of the company's stock, valued at $319,311.30. This represents a 92.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 991,046 shares of company stock worth $34,745,961. 7.11% of the stock is currently owned by company insiders.

Pinterest Price Performance

Shares of NYSE:PINS traded up $0.2650 during trading on Wednesday, hitting $35.4850. The company had a trading volume of 7,273,089 shares, compared to its average volume of 11,848,678. The stock has a market cap of $24.13 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.78 and a beta of 0.78. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The company has a fifty day simple moving average of $36.25 and a two-hundred day simple moving average of $33.25.

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

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.