Public Investment Fund Cuts Stock Position in Pinterest, Inc. $PINS

Key Points

• The Public Investment Fund has sold 1,404,405 shares of Pinterest, Inc., reducing its stake by 25.4%, leaving it with 4,127,788 shares, which is about 0.5% of its portfolio.
• Pinterest reported a quarterly EPS of $0.33, slightly missing the consensus estimate of $0.34, but its revenue increased by 16.9% year-over-year, totaling $998.23 million.
• Several institutional investors are active in Pinterest, with 88.81% of the company's stock owned by institutions and notable buying activity recorded in the first quarter.

Public Investment Fund decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 25.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,127,788 shares of the company's stock after selling 1,404,405 shares during the period. Pinterest accounts for about 0.5% of Public Investment Fund's portfolio, making the stock its 25th largest position. Public Investment Fund owned 0.61% of Pinterest worth $127,961,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Panagora Asset Management Inc. increased its position in Pinterest by 17.7% during the 1st quarter. Panagora Asset Management Inc. now owns 2,415,009 shares of the company's stock valued at $74,865,000 after purchasing an additional 363,811 shares during the period. Evergreen Capital Management LLC boosted its stake in Pinterest by 1.5% in the 1st quarter. Evergreen Capital Management LLC now owns 85,179 shares of the company's stock worth $2,641,000 after purchasing an additional 1,274 shares in the last quarter. GKV Capital Management Co. Inc. purchased a new position in Pinterest during the 1st quarter worth approximately $193,000. WPG Advisers LLC purchased a new position in Pinterest during the 1st quarter worth approximately $77,000. Finally, State of Wyoming raised its position in Pinterest by 374.2% during the 1st quarter. State of Wyoming now owns 31,490 shares of the company's stock worth $976,000 after buying an additional 24,850 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

Shares of PINS stock traded up $0.38 on Wednesday, hitting $37.11. 4,578,768 shares of the stock traded hands, compared to its average volume of 11,560,462. The firm's 50-day moving average price is $36.55 and its two-hundred day moving average price is $33.19. The stock has a market capitalization of $25.23 billion, a PE ratio of 13.30, a PEG ratio of 1.47 and a beta of 0.77. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $973.42 million. During the same period in the previous year, the company earned $0.29 EPS. The company's quarterly revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

PINS has been the subject of a number of recent research reports. Bank of America raised their price target on shares of Pinterest from $41.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Benchmark boosted their price target on shares of Pinterest from $45.00 to $48.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Guggenheim reissued a "buy" rating on shares of Pinterest in a report on Tuesday. Cowen reissued a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Finally, Monness Crespi & Hardt boosted their price target on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 29,606 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the transaction, the chief financial officer owned 362,890 shares of the company's stock, valued at $12,428,982.50. This represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $36.01, for a total transaction of $3,676,008.83. Following the completion of the transaction, the director directly owned 8,414 shares in the company, valued at $302,988.14. The trade was a 92.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 992,196 shares of company stock worth $35,442,008 in the last ninety days. 7.11% of the stock is currently owned by corporate insiders.

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.