Pinterest, Inc. $PINS Shares Acquired by State of Wyoming

Key Points

• The State of Wyoming significantly increased its holdings in Pinterest, Inc. by 374.2% during the 1st quarter, acquiring an additional 24,850 shares to reach a total of 31,490 shares, valued at approximately $976,000.
• Institutional ownership of Pinterest is notably high, with hedge funds and other institutional investors holding 88.81% of the company's stock, reflecting growing confidence in the company.
• Analysts have mixed views on Pinterest's stock, with ratings ranging from "buy" to "hold," and an average target price set at $42.40, following recent adjustments from various investment firms.

State of Wyoming raised its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 374.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,490 shares of the company's stock after purchasing an additional 24,850 shares during the period. State of Wyoming's holdings in Pinterest were worth $976,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its position in 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 period. Ameriprise Financial Inc. lifted its stake in Pinterest by 49.7% in the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock valued at $395,441,000 after buying an additional 4,527,902 shares in the last quarter. Contour Asset Management LLC purchased a new position in Pinterest in the 4th quarter valued at about $86,330,000. Shapiro Capital Management LLC purchased a new position in Pinterest in the 4th quarter valued at about $84,190,000. Finally, Pacer Advisors Inc. lifted its stake in Pinterest by 4,673.9% in the 1st 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 owned by institutional investors and hedge funds.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total value of $131,414.64. Following the completion of the sale, the chief accounting officer owned 157,402 shares in the company, valued at approximately $5,502,773.92. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $36.03, for a total transaction of $3,678,050.49. The disclosure for this sale can be found here. Insiders have sold a total of 1,094,279 shares of company stock worth $38,832,184 over the last quarter. Company insiders own 7.11% of the company's stock.

Pinterest Trading Up 0.3%

Pinterest stock traded up $0.11 during mid-day trading on Tuesday, hitting $36.74. The company's stock had a trading volume of 4,470,767 shares, compared to its average volume of 11,587,379. The firm has a market capitalization of $24.98 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.47 and a beta of 0.77. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The stock's fifty day moving average is $36.53 and its two-hundred day moving average is $33.16.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share 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 business had revenue of $998.23 million during the quarter, compared to analysts' expectations of $973.42 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company's revenue was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. On average, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler set a $40.00 target price on shares of Pinterest in a research note on Friday, August 8th. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a research note on Thursday, May 15th. Stifel Nicolaus raised their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Guggenheim reissued a "buy" rating on shares of Pinterest in a research note on Tuesday. Finally, Monness Crespi & Hardt raised their target price on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

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.