APG Asset Management N.V. Decreases Stock Holdings in Pinterest, Inc. $PINS

Key Points

• APG Asset Management N.V. has reduced its stakes in Pinterest, Inc. by 7.4%, selling 28,734 shares and owning about 0.05% of the company, valued at approximately $10.39 million.
• Pinterest's stock opened at $35.54 and has experienced a 0.2% decrease, with a market capitalization of $24.16 billion and mixed analyst ratings regarding future price targets.
• The company reported $0.33 earnings per share (EPS) in its last earnings announcement, missing estimates, but showing a revenue increase of 16.9% year-over-year, totaling nearly $998.23 million.

APG Asset Management N.V. lowered its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 362,036 shares of the company's stock after selling 28,734 shares during the period. APG Asset Management N.V. owned approximately 0.05% of Pinterest worth $10,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PINS. Bartlett & CO. Wealth Management LLC purchased a new position in Pinterest in the 1st quarter worth approximately $25,000. Garde Capital Inc. purchased a new stake in Pinterest during the 1st quarter valued at $26,000. NBC Securities Inc. raised its holdings in Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust bought a new position in Pinterest in the 1st quarter worth $32,000. Finally, Golden State Wealth Management LLC raised its holdings in Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after purchasing an additional 1,058 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Wall Street Analysts Forecast Growth

PINS has been the subject of several research reports. Wall Street Zen lowered shares of Pinterest from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a report on Thursday, May 15th. Barclays lifted their price target on shares of Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, August 8th. TD Cowen raised their price objective on shares of Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $35.00 to $40.00 in a report on Tuesday, June 3rd. Twenty-five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Insider Activity at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $36.03, for a total transaction of $3,678,050.49. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Matthew Madrigal sold 20,000 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $38.58, for a total transaction of $771,600.00. Following the transaction, the chief technology officer directly owned 428,823 shares in the company, valued at $16,543,991.34. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,094,279 shares of company stock valued at $38,832,184 over the last ninety days. Company insiders own 7.06% of the company's stock.

Pinterest Stock Performance

PINS stock traded up $0.61 during mid-day trading on Thursday, reaching $36.77. 6,007,596 shares of the stock traded hands, compared to its average volume of 11,976,228. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The stock has a market capitalization of $25.00 billion, a PE ratio of 13.18, a PEG ratio of 1.45 and a beta of 0.78. The business has a 50-day moving average price of $36.43 and a two-hundred day moving average price of $33.28.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company's revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. On average, equities analysts expect 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.