AlphaQuest LLC Has $322,000 Stake in Pinterest, Inc. $PINS

Key Points

• AlphaQuest LLC reduced its holdings in Pinterest by 67.2% in the first quarter, resulting in ownership of 10,391 shares worth about $322,000.
• Pinterest reported $0.33 earnings per share for the quarter, missing the estimate by ($0.01), while its revenue increased by 16.9% year-over-year to $998.23 million.
• Insider transactions revealed that Director Benjamin Silbermann sold 102,083 shares for approximately $3.39 million, lowering his ownership by 92.39%.

AlphaQuest LLC lowered its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 67.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,391 shares of the company's stock after selling 21,315 shares during the period. AlphaQuest LLC's holdings in Pinterest were worth $322,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after purchasing an additional 1,263,863 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Pinterest by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after purchasing an additional 6,460,143 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Pinterest by 13.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock valued at $480,452,000 after purchasing an additional 1,862,654 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Pinterest by 10.2% in the 1st 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 during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Pinterest by 3.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,793,534 shares of the company's stock valued at $179,600,000 after purchasing an additional 205,879 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research note on Tuesday. Citigroup reiterated a "buy" rating and issued a $50.00 target price (up previously from $44.00) on shares of Pinterest in a report on Friday, August 8th. Bank of America lifted their target price on shares of Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Monness Crespi & Hardt lifted their target price on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Pinterest in a report on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $42.40.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the business's 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 transaction, the director directly owned 8,414 shares in the company, valued at $279,428.94. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 1,094,279 shares of company stock valued at $38,832,184 in the last quarter. 7.11% of the stock is owned by insiders.

Pinterest Trading Down 0.6%

NYSE PINS traded down $0.24 on Tuesday, reaching $36.40. The company's stock had a trading volume of 3,193,545 shares, compared to its average volume of 11,582,083. The firm has a market cap of $24.75 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77. The business has a 50-day moving average price of $36.53 and a 200 day moving average price of $33.16. Pinterest, Inc. has a 52 week low of $23.68 and a 52 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 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business's revenue was up 16.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.