Livforsakringsbolaget Skandia Omsesidigt Increases Position in Pinterest, Inc. $PINS

Key Points

• Livforsakringsbolaget Skandia Omsesidigt dramatically increased its investment in Pinterest, acquiring an additional 219,200 shares, bringing its total holdings to 264,000 shares valued at approximately $9.46 million.
• Pinterest reported a quarterly earnings per share of $0.33, slightly missing analysts' expectations, while its revenue reached $998.23 million, exceeding estimates and showing a year-over-year increase of 16.9%.
• Institutional investors now own 88.81% of Pinterest's stock, illustrating strong interest from large financial stakeholders in the company.

Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 489.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 264,000 shares of the company's stock after purchasing an additional 219,200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt's holdings in Pinterest were worth $9,464,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Amundi boosted its holdings in Pinterest by 618.9% in the 1st quarter. Amundi now owns 14,254,741 shares of the company's stock worth $441,897,000 after buying an additional 12,271,958 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 acquiring an additional 6,460,143 shares during the last quarter. Swedbank AB lifted its holdings 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 acquiring an additional 4,524,433 shares during the last quarter. Pacer Advisors Inc. raised its position in Pinterest by 4,673.9% in the 1st quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock worth $78,484,000 after purchasing an additional 2,478,708 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Pinterest by 13.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock worth $480,452,000 after purchasing an additional 1,862,654 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Trading Up 0.8%

PINS stock traded up $0.29 during midday trading on Tuesday, reaching $35.60. 2,934,582 shares of the company's stock traded hands, compared to its average volume of 11,412,904. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The stock has a market cap of $24.21 billion, a P/E ratio of 12.76, a PEG ratio of 1.50 and a beta of 0.77. The stock's 50-day moving average is $36.72 and its 200 day moving average is $33.10.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.33 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 for the quarter, compared to analysts' expectations of $973.42 million. During the same period in the prior year, the company 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. As a group, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of analyst reports. Stifel Nicolaus boosted 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. Citigroup reissued a "buy" rating and set a $50.00 price objective (up previously from $44.00) on shares of Pinterest in a research note on Friday, August 8th. KeyCorp boosted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Sanford C. Bernstein upped their target price on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Wedbush boosted their price objective on shares of Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Twenty-four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.38.

Insider Activity

In other news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction 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 of the company's stock, valued at $1,071,000. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction 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 directly owned 428,823 shares of the company's stock, valued at approximately $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. In the last ninety days, insiders sold 1,058,399 shares of company stock valued at $38,211,567. 7.11% 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.