Estate Counselors LLC Makes New Investment in Pinterest, Inc. $PINS

Estate Counselors LLC bought a new stake in Pinterest, Inc. (NYSE:PINS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 119,875 shares of the company’s stock, valued at approximately $3,716,000.

A number of other hedge funds have also made changes to their positions in PINS. Revolve Wealth Partners LLC bought a new stake in shares of Pinterest in the fourth quarter worth $252,000. Dimensional Fund Advisors LP grew its holdings in Pinterest by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,754,338 shares of the company’s stock worth $50,878,000 after acquiring an additional 144,498 shares in the last quarter. Natixis increased its position in shares of Pinterest by 59.3% in the 4th quarter. Natixis now owns 27,006 shares of the company’s stock worth $783,000 after purchasing an additional 10,054 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Pinterest by 113.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 28,165 shares of the company’s stock worth $817,000 after purchasing an additional 14,978 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Pinterest by 2,822.4% in the 4th quarter. TD Waterhouse Canada Inc. now owns 16,073 shares of the company’s stock valued at $466,000 after purchasing an additional 15,523 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling

In related news, CFO Donnelly Julia Brau sold 29,606 shares of the 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 sale, the chief financial officer owned 362,890 shares of the company’s stock, valued at $12,428,982.50. This trade represents a 7.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Matthew Madrigal sold 20,000 shares of Pinterest 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 completion of 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 disclosure for this sale can be found here. Insiders sold a total of 987,287 shares of company stock valued at $34,626,200 in the last three months. 7.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on PINS shares. Oppenheimer reiterated an “outperform” rating on shares of Pinterest in a research note on Friday, August 8th. BMO Capital Markets reduced their target price on Pinterest from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. KeyCorp lifted their target price on Pinterest from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. Monness Crespi & Hardt boosted their price target on Pinterest from $40.00 to $46.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Barclays raised their price objective on Pinterest from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $42.40.

Pinterest Trading Up 0.8%

NYSE:PINS opened at $35.4850 on Thursday. The firm has a market capitalization of $24.13 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 1.74 and a beta of 0.78. The stock has a 50 day moving average of $36.27 and a 200-day moving average of $33.27. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

Pinterest (NYSE:PINS) last announced its quarterly 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 company had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same period last year, the business posted $0.29 EPS. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Pinterest has set its Q3 2025 guidance at EPS. As a group, analysts predict that Pinterest, Inc. will post 0.6 EPS 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.