Sei Investments Co. Purchases 136,695 Shares of Pinterest, Inc. $PINS

Key Points

• Sei Investments Co. has increased its stake in Pinterest, Inc. by 30.5%, owning approximately $17.55 million worth of shares as of its latest SEC filing.
• Recent analyst reports show a general positive outlook for Pinterest, with several firms, including JPMorgan, Cowen, and Citigroup, issuing "buy" ratings and raising price targets to between $40.00 and $50.00.
• Pinterest's recent performance included a 1.6% stock increase, with reported quarterly earnings of $0.33 per share, slightly missing consensus estimates, while revenue rose by 16.9% year-over-year.

Sei Investments Co. lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 30.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 584,371 shares of the company's stock after purchasing an additional 136,695 shares during the period. Sei Investments Co. owned 0.09% of Pinterest worth $17,547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Riverpark Capital Management LLC grew its stake in Pinterest by 1.2% during the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company's stock worth $987,000 after purchasing an additional 377 shares during the period. Redwood Investment Management LLC lifted its stake in Pinterest by 3.2% in the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock valued at $463,000 after buying an additional 495 shares during the period. NorthRock Partners LLC boosted its holdings in shares of Pinterest by 4.7% during the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company's stock worth $349,000 after buying an additional 502 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its position in shares of Pinterest by 22.2% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company's stock worth $102,000 after buying an additional 600 shares during the period. Finally, EP Wealth Advisors LLC grew its position in shares of Pinterest by 9.3% during the 4th quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company's stock worth $223,000 after buying an additional 656 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,510 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $35.68, for a total value of $410,676.80. Following the transaction, the insider directly owned 390,230 shares of the company's stock, valued at approximately $13,923,406.40. The trade was a 2.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Matthew Madrigal sold 20,000 shares of the 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 owned 428,823 shares of the company's stock, valued at approximately $16,543,991.34. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 991,046 shares of company stock valued at $34,745,961 in the last ninety days. Insiders own 7.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PINS. Cowen restated a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Sanford C. Bernstein increased their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Susquehanna reaffirmed a "positive" rating and issued a $42.00 target price on shares of Pinterest in a research report on Friday, August 8th. Wells Fargo & Company set a $42.00 price target on Pinterest and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $37.00 to $45.00 in a report on Monday, July 21st. Twenty-five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Stock Up 0.8%

NYSE:PINS traded up $0.2650 during trading hours on Wednesday, hitting $35.4850. 7,273,092 shares of the company traded hands, compared to its average volume of 11,742,628. The company has a market cap of $24.13 billion, a PE ratio of 12.72, a PEG ratio of 1.74 and a beta of 0.78. The firm's 50-day simple moving average is $36.27 and its 200-day simple moving average is $33.27. Pinterest, Inc. has a one year low of $23.68 and a one 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 (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The firm had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business's revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current 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.