Lbp Am Sa Reduces Holdings in Pinterest, Inc. $PINS

Key Points

• Lbp Am Sa has decreased its holdings in Pinterest, Inc. by 43.3%, selling 70,821 shares and leaving them with 92,707 shares valued at approximately $3.32 million.
• Several institutional investors have increased their stakes in Pinterest, including Wealth Enhancement Advisory Services LLC with a 134.2% increase and GAMMA Investing LLC with a 6,326.2% increase during the 1st quarter.
• Pinterest reported a quarterly revenue of $998.23 million, exceeding analyst estimates, but its earnings per share of $0.33 fell short of the consensus estimate by $0.01.

Lbp Am Sa decreased its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 43.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,707 shares of the company's stock after selling 70,821 shares during the period. Lbp Am Sa's holdings in Pinterest were worth $3,324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the 4th quarter worth $252,000. Wealth Enhancement Advisory Services LLC increased its stake in Pinterest by 134.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 92,649 shares of the company's stock worth $2,687,000 after buying an additional 53,081 shares during the period. GAMMA Investing LLC increased its stake in Pinterest by 6,326.2% during the 1st quarter. GAMMA Investing LLC now owns 68,696 shares of the company's stock worth $2,216,000 after buying an additional 67,627 shares during the period. Rhumbline Advisers increased its stake in Pinterest by 2.8% during the 1st quarter. Rhumbline Advisers now owns 1,201,067 shares of the company's stock worth $37,233,000 after buying an additional 32,530 shares during the period. Finally, NBC Securities Inc. increased its stake in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after buying an additional 999 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

NYSE PINS opened at $31.88 on Friday. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The company has a 50-day simple moving average of $36.06 and a 200-day simple moving average of $33.15. The firm has a market capitalization of $21.68 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.33 and a beta of 0.81.

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

Analyst Ratings Changes

PINS has been the subject of several recent analyst reports. Susquehanna reissued a "positive" rating and set a $42.00 price objective on shares of Pinterest in a report on Friday, August 8th. Sanford C. Bernstein raised their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Oppenheimer reissued an "outperform" rating on shares of Pinterest in a report on Friday, August 8th. Wedbush raised their price objective on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Piper Sandler set a $40.00 price objective on shares of Pinterest in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $42.63.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the completion of the transaction, the chief financial officer directly owned 312,422 shares of the company's stock, valued at $10,887,906.70. The trade was a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total transaction of $3,568,821.68. The disclosure for this sale can be found here. Insiders have sold a total of 967,635 shares of company stock valued at $34,866,344 over the last three months. 7.06% of the stock is currently owned by company insiders.

Pinterest 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.

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