Swedbank AB Has $181.02 Million Stake in Pinterest, Inc. $PINS

Key Points

• Swedbank AB increased its stake in Pinterest by 344.0% in Q1, now owning 5,839,485 shares valued at approximately $181 million.
• Analysts have set a consensus target price of $42.40 for Pinterest, with 25 analysts rating it as a "Buy," citing positive growth prospects.
• Pinterest reported a revenue of $998.23 million for the last quarter, showing a 16.9% year-over-year increase, despite a slight EPS miss.

Swedbank AB lifted its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 344.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,839,485 shares of the company's stock after purchasing an additional 4,524,433 shares during the quarter. Swedbank AB owned 0.86% of Pinterest worth $181,024,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Pinterest by 2.2% in the first quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock valued at $1,798,270,000 after purchasing an additional 1,263,863 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Pinterest by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after acquiring an additional 6,460,143 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Pinterest by 13.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock valued at $480,452,000 after purchasing an additional 1,862,654 shares in the last quarter. Amundi boosted its stake in shares of Pinterest by 618.9% in the 1st quarter. Amundi now owns 14,254,741 shares of the company's stock valued at $441,897,000 after purchasing an additional 12,271,958 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Pinterest by 31.3% in the 1st quarter. AQR Capital Management LLC now owns 6,267,577 shares of the company's stock valued at $189,876,000 after purchasing an additional 1,495,473 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PINS shares. Citigroup restated a "buy" rating and issued a $50.00 target price (up previously from $44.00) on shares of Pinterest in a research note on Friday, August 8th. Sanford C. Bernstein boosted their target price on shares of Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. UBS Group boosted their target price on shares of Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. upgraded shares of Pinterest from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Finally, Barclays boosted their target price on shares of Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $42.40.

Insiders Place Their Bets

In other news, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.58, for a total transaction of $771,600.00. Following the sale, the chief technology officer owned 428,823 shares in the company, valued at approximately $16,543,991.34. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director owned 30,600 shares in the company, valued at $1,071,000. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,088,005 shares of company stock worth $39,037,739 over the last ninety days. Company insiders own 7.06% of the company's stock.

Pinterest Stock Performance

Shares of PINS stock opened at $35.01 on Friday. The stock's fifty day moving average is $36.70 and its 200-day moving average is $33.13. The stock has a market capitalization of $23.80 billion, a PE ratio of 12.55, a PEG ratio of 1.48 and a beta of 0.77. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.Pinterest's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.

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