Alliancebernstein L.P. Purchases 357,581 Shares of Pinterest, Inc. $PINS

Key Points

• Alliancebernstein L.P. increased its stake in Pinterest, Inc. by 61.6% in the first quarter, owning 938,008 shares valued at approximately $29 million.
• A number of institutional investors made substantial changes to their holdings in Pinterest, including Amundi, which raised its stake by 618.9%, now holding over 14 million shares.
• Research analysts have issued mixed ratings, with Citigroup maintaining a "buy" rating and setting a target price of $50.00, while Wall Street Zen downgraded the stock from "buy" to "hold".

Alliancebernstein L.P. lifted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 61.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 938,008 shares of the company's stock after acquiring an additional 357,581 shares during the quarter. Alliancebernstein L.P. owned 0.14% of Pinterest worth $29,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Amundi increased its holdings in Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company's stock valued at $441,897,000 after buying an additional 12,271,958 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Pinterest by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after buying an additional 6,460,143 shares during the last quarter. Shapiro Capital Management LLC purchased a new position in Pinterest in the fourth quarter valued at $84,190,000. Pacer Advisors Inc. increased its holdings in Pinterest by 4,673.9% in the first quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock valued at $78,484,000 after buying an additional 2,478,708 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in Pinterest by 12,207.2% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 2,023,062 shares of the company's stock valued at $58,669,000 after buying an additional 2,006,624 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,759 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total value of $131,414.64. Following the transaction, the chief accounting officer directly owned 157,402 shares in the company, valued at approximately $5,502,773.92. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $35.09, for a total transaction of $3,582,092.47. The disclosure for this sale can be found here. Insiders have sold 1,088,005 shares of company stock worth $39,037,739 in the last quarter. 7.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

PINS has been the topic of several research reports. Cowen reaffirmed a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Wedbush raised their price objective on Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. KeyCorp raised their price objective on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. UBS Group increased their target price on shares of Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Barclays increased their target price on shares of Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Stock Performance

Shares of Pinterest stock traded up $0.08 during trading on Friday, reaching $35.04. The company had a trading volume of 6,134,508 shares, compared to its average volume of 8,250,459. The company has a market cap of $23.82 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.46 and a beta of 0.77. The firm's fifty day moving average is $36.68 and its 200-day moving average is $33.12. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

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

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.