Banco Bilbao Vizcaya Argentaria S.A. Lowers Position in Pinterest, Inc. $PINS

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has significantly reduced its holdings in Pinterest, Inc. by 63.1%, selling 190,676 shares during the 1st quarter and now owning 111,572 shares valued at approximately $3.4 million.
• Several analysts have a positive outlook on Pinterest, with a consensus price target of $42.40 and a majority rating the stock as a "Buy."
• Pinterest recently reported earnings that missed expectations, posting an EPS of $0.33, while its revenue for the quarter was up 16.9% year-over-year at nearly $1 billion.

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 63.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,572 shares of the company's stock after selling 190,676 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Pinterest were worth $3,444,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD increased its stake in Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after acquiring an additional 12,986,310 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock valued at $395,441,000 after acquiring an additional 4,527,902 shares during the last quarter. Contour Asset Management LLC bought a new position in Pinterest in the fourth quarter valued at $86,330,000. Shapiro Capital Management LLC bought a new position in Pinterest in the fourth quarter valued at $84,190,000. Finally, Pacer Advisors Inc. increased its stake 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 acquiring an additional 2,478,708 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Up 2.0%

Shares of Pinterest stock traded up $0.6950 during trading on Friday, reaching $35.5650. 7,216,559 shares of the stock were exchanged, compared to its average volume of 11,739,806. The stock's fifty day moving average is $36.32 and its 200 day moving average is $33.29. The firm has a market cap 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. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year 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 firm had revenue of $998.23 million for the quarter, compared to analysts' expectations of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity

In other news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total transaction of $3,568,821.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the sale, the chief technology officer owned 428,823 shares of the company's stock, valued at approximately $16,543,991.34. This 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 have sold 1,090,520 shares of company stock valued at $38,235,271. Company insiders own 7.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Piper Sandler set a $40.00 target price on Pinterest in a research note on Friday, August 8th. Wells Fargo & Company set a $42.00 price target on shares of Pinterest and gave the company an "overweight" rating in a research report on Tuesday, July 1st. UBS Group upped their price target on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Oppenheimer restated an "outperform" rating on shares of Pinterest in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. upgraded shares of Pinterest from a "neutral" rating to an "overweight" rating and upped their price target for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock 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.