Federation des caisses Desjardins du Quebec Acquires 73,065 Shares of Pinterest, Inc. $PINS

Key Points

• The Federation des caisses Desjardins du Quebec has increased its stake in Pinterest by 68.0%, now owning 180,468 shares valued at approximately $5.6 million.
• Several institutional investors are actively increasing their positions in Pinterest, with Pacer Advisors growing their stake by an astonishing 4,673.9%.
• Analysts have a mostly positive outlook on Pinterest, with 25 out of 30 research ratings classified as "Buy" and a consensus price target of $42.40.

Federation des caisses Desjardins du Quebec increased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 68.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 180,468 shares of the company's stock after purchasing an additional 73,065 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Pinterest were worth $5,595,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Pinterest by 25.4% during the first 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. Contour Asset Management LLC acquired a new position in Pinterest in the fourth quarter valued at about $86,330,000. Shapiro Capital Management LLC acquired a new position in Pinterest in the fourth quarter valued at about $84,190,000. Pacer Advisors Inc. boosted its position 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 in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its position in Pinterest by 12,207.2% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 2,023,062 shares of the company's stock valued at $58,669,000 after acquiring an additional 2,006,624 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the topic of a number of research reports. Citigroup reiterated a "buy" rating and set a $50.00 target price (up from $44.00) on shares of Pinterest in a research report on Friday, August 8th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a research report on Tuesday. UBS Group upped their target price on shares of Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Benchmark upped their target price on shares of Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Finally, Monness Crespi & Hardt upped their target price on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Stock Performance

Pinterest stock traded up $0.77 during trading hours on Friday, reaching $37.89. 8,399,867 shares of the company's stock traded hands, compared to its average volume of 9,248,710. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The firm has a market capitalization of $25.77 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.59 and a beta of 0.77. The firm's 50 day moving average is $36.66 and its 200-day moving average is $33.15.

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

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the completion of the transaction, the director owned 8,414 shares in the company, valued at approximately $319,311.30. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,088,005 shares of company stock worth $39,009,156 in the last ninety days. 7.06% of the stock is currently owned by insiders.

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.