Pinterest, Inc. $PINS Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in **Pinterest, Inc.** by **8.1%**, selling **17,880 shares** and holding **202,864 shares** valued at **$6.29 million** after the sale.
• Institutional investments in Pinterest saw significant activity, with **Price T Rowe Associates Inc.** increasing its holdings by **104.3%** and **Pacer Advisors Inc.** growing its position by **4,673.9%** in the first quarter.
• Pinterest's latest earnings report indicated a **year-over-year revenue increase of 16.9%**, but it slightly missed the EPS consensus estimate, reporting **$0.33 EPS** against an expectation of **$0.34 EPS**.

State of New Jersey Common Pension Fund D reduced its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 8.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,864 shares of the company's stock after selling 17,880 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Pinterest were worth $6,289,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PINS. Price T Rowe Associates Inc. MD lifted its position in shares of 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 in the last quarter. Ameriprise Financial Inc. increased its stake in Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after acquiring an additional 4,527,902 shares during the last quarter. Contour Asset Management LLC acquired a new stake in Pinterest during the fourth quarter worth about $86,330,000. Shapiro Capital Management LLC acquired a new stake in Pinterest during the fourth quarter worth about $84,190,000. Finally, Pacer Advisors Inc. grew its stake in shares of 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 in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Price Performance

Shares of Pinterest stock traded up $0.6950 during trading on Friday, hitting $35.5650. The stock had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. The stock has a market cap of $24.18 billion, a PE ratio of 12.75, a PEG ratio of 1.40 and a beta of 0.78. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The firm's fifty day simple moving average is $36.32 and its 200-day simple moving average is $33.29.

Pinterest (NYSE:PINS - Get Free Report) last released 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 return on equity of 8.44% and a net margin of 49.31%.The company had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same quarter last year, the business earned $0.29 earnings per share. The firm's revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. Analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PINS has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on shares of Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen lowered shares of Pinterest from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. Stifel Nicolaus increased their target price on shares of Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wedbush increased their target price on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Morgan Stanley upgraded shares of Pinterest from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $37.00 to $45.00 in a report on Monday, July 21st. Twenty-five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Insider Buying and Selling at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 11,510 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $35.68, for a total transaction of $410,676.80. Following the completion of the sale, the insider owned 390,230 shares of the company's stock, valued at $13,923,406.40. This represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company'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 completion of the sale, the director directly owned 30,600 shares of the company's stock, valued at $1,071,000. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,090,520 shares of company stock worth $38,235,271 over the last three months. 7.06% of the stock is owned by corporate insiders.

Pinterest Company 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.