Price T Rowe Associates Inc. MD Has $988.66 Million Stock Holdings in Pinterest, Inc. $PINS

Key Points

• Price T Rowe Associates Inc. increased its stake in Pinterest by 25.4%, owning approximately $988.7 million worth of the stock, making them a significant holder of the company.
• Analysts have a general positive outlook on Pinterest, with 25 investment analysts rating the stock as a Buy and a consensus target price of $42.40.
• Pinterest reported a 16.9% increase in quarterly revenue year-over-year, achieving $998.23 million, although it slightly missed the earnings per share estimate.

Price T Rowe Associates Inc. MD raised its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 25.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,892,284 shares of the company's stock after acquiring an additional 6,460,143 shares during the period. Price T Rowe Associates Inc. MD owned about 4.70% of Pinterest worth $988,662,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PINS. Vanguard Group Inc. lifted its holdings in shares of Pinterest by 2.2% during the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after acquiring an additional 1,263,863 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after purchasing an additional 4,527,902 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Pinterest by 10.2% in the first quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock valued at $186,848,000 after purchasing an additional 555,742 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Pinterest by 3.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock worth $179,600,000 after buying an additional 205,879 shares in the last quarter. Finally, Eminence Capital LP lifted its stake in shares of Pinterest by 6.4% in the 4th quarter. Eminence Capital LP now owns 5,651,051 shares of the company's stock valued at $163,880,000 after purchasing an additional 341,318 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total value of $3,390,176.43. Following the completion of the transaction, the director owned 8,414 shares of the company's stock, valued at approximately $279,428.94. This represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,090,520 shares of company stock valued at $38,235,271 in the last quarter. Insiders own 7.11% of the company's stock.

Pinterest Stock Performance

NYSE:PINS traded up $0.6950 during mid-day trading on Friday, hitting $35.5650. 7,216,559 shares of the stock were exchanged, compared to its average volume of 11,888,044. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.78. The firm's 50-day simple moving average is $36.32 and its 200 day simple moving average is $33.29.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same quarter last year, the firm posted $0.29 earnings per share. The company's quarterly revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. On average, analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on PINS. Stifel Nicolaus upped their target price on shares of Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Benchmark raised their target price on shares of Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Susquehanna reiterated a "positive" rating and issued a $42.00 price target on shares of Pinterest in a report on Friday, August 8th. Bank of America upped their target price on shares of Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Piper Sandler set a $40.00 price target on Pinterest in a research report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.40.

About Pinterest

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.