Lecap Asset Management Ltd. Has $763,000 Stock Holdings in Pinterest, Inc. $PINS

Key Points

• Lecap Asset Management Ltd. significantly reduced its stake in Pinterest, Inc. by 75.3%, selling over 64,000 shares during the second quarter, now holding shares worth $763,000.
• Multiple hedge funds increased their positions in Pinterest, with Amundi lifting its holdings by 618.9% and Price T Rowe Associates Inc. increasing theirs by 25.4% in the first quarter.
• Analysts have mostly assigned optimistic ratings for Pinterest, with a consensus average price target of $42.63 and several upward adjustments from notable firms, reflecting an overall positive sentiment in the market.

Lecap Asset Management Ltd. lowered its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 75.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,288 shares of the company's stock after selling 64,754 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Pinterest were worth $763,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Amundi lifted its position in shares of Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company's stock worth $441,897,000 after purchasing an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Pinterest by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock worth $988,662,000 after buying an additional 6,460,143 shares in the last quarter. Swedbank AB boosted its stake in shares of Pinterest by 344.0% during the 1st quarter. Swedbank AB now owns 5,839,485 shares of the company's stock worth $181,024,000 after buying an additional 4,524,433 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Pinterest by 4,673.9% in the 1st quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock valued at $78,484,000 after acquiring an additional 2,478,708 shares in the last quarter. Finally, Congress Asset Management Co. bought a new position in shares of Pinterest in the 2nd quarter valued at about $82,516,000. 88.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PINS shares. Bank of America increased their price target on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wells Fargo & Company set a $42.00 target price on shares of Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Sanford C. Bernstein increased their price target on shares of Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Stifel Nicolaus lifted their price objective on shares of Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, TD Cowen upped their target price on shares of Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.63.

Pinterest Stock Performance

PINS stock opened at $31.88 on Friday. The company's 50-day simple moving average is $36.06 and its 200 day simple moving average is $33.15. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The company 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 data on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) 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 business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same period in the prior year, the firm earned $0.29 EPS. The business's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. On average, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total value 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. This represents a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 967,635 shares of company stock worth $34,866,344. 7.06% of the stock is owned by corporate 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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