Pinterest, Inc. $PINS Shares Sold by Focus Partners Wealth

Key Points

• Focus Partners Wealth reduced its stake in Pinterest by 16.7%, totaling approximately $13.77 million after selling 89,388 shares in Q1.
• In contrast, Amundi and Price T. Rowe Associates significantly increased their holdings in Pinterest, with Amundi growing its stake by 618.9%.
• Pinterest reported a quarterly EPS of $0.33, missing expectations, yet achieved a 16.9% revenue increase year-over-year, generating $998.23 million in revenue.

Focus Partners Wealth cut its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 16.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 444,307 shares of the company's stock after selling 89,388 shares during the quarter. Focus Partners Wealth owned approximately 0.07% of Pinterest worth $13,774,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PINS. Amundi grew its holdings in Pinterest by 618.9% during the 1st quarter. Amundi now owns 14,254,741 shares of the company's stock worth $441,897,000 after acquiring an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Pinterest by 25.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock worth $988,662,000 after purchasing an additional 6,460,143 shares during the last quarter. Shapiro Capital Management LLC acquired a new position in shares of Pinterest during the fourth quarter worth $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 raised its stake 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 in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Up 0.2%

NYSE PINS opened at $35.04 on Friday. The firm has a market cap of $23.82 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.46 and a beta of 0.77. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The business's 50-day moving average price is $36.68 and its 200 day moving average price is $33.12.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.33 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 for the quarter, compared to analysts' expectations of $973.42 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm's revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the transaction, the director directly owned 30,600 shares in the company, valued at $1,071,000. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Andrea Acosta sold 3,759 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total transaction of $131,414.64. Following the transaction, the chief accounting officer directly owned 157,402 shares of the company's stock, valued at $5,502,773.92. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,088,005 shares of company stock valued at $39,037,739 in the last ninety days. Company insiders own 7.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PINS. Piper Sandler set a $40.00 price objective on Pinterest in a research report on Friday, August 8th. KeyCorp upped their price target on Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Pinterest from a "buy" rating to a "hold" rating in a research report on Sunday, September 7th. Bank of America boosted their price target on shares of Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Benchmark lifted their price target on Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Twenty-five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.40.

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.

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