a16z Perennial Management L.P. Has $1.83 Million Stock Holdings in Pinterest, Inc. $PINS

a16z Perennial Management L.P. decreased its position in shares of Pinterest, Inc. (NYSE:PINS) by 59.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,833 shares of the company’s stock after selling 148,640 shares during the quarter. a16z Perennial Management L.P.’s holdings in Pinterest were worth $1,831,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PINS. Oslo Pensjonsforsikring AS acquired a new stake in Pinterest during the 1st quarter worth $161,000. Meeder Advisory Services Inc. grew its stake in Pinterest by 42.7% in the first quarter. Meeder Advisory Services Inc. now owns 11,028 shares of the company’s stock valued at $202,000 after acquiring an additional 3,301 shares during the period. Parallel Advisors LLC increased its holdings in shares of Pinterest by 31.7% in the first quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $106,000 after acquiring an additional 1,390 shares in the last quarter. SEB Asset Management AB bought a new stake in shares of Pinterest in the first quarter worth about $5,656,000. Finally, Swiss National Bank raised its position in shares of Pinterest by 6.4% during the first quarter. Swiss National Bank now owns 1,748,700 shares of the company’s stock worth $32,071,000 after purchasing an additional 104,600 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Several pieces argued that Pinterest has the ingredients for another earnings beat, citing its strong surprise track record and favorable estimate/revision setup. Article Title
• Positive Sentiment: Commentary focused on Pinterest’s improving engagement metrics and user growth, which supports the bull case that the platform is still expanding its audience and ad potential. Article Title
• Positive Sentiment: Coverage comparing Pinterest with Meta framed PINS as a long-term investing candidate, reinforcing the view that investors see meaningful upside if growth and monetization continue. Article Title
• Neutral Sentiment: Two how-to articles about creating Idea Pins and scheduling Pins may help highlight product utility and creator engagement, but they are unlikely to materially move the stock on their own. Article Title
• Neutral Sentiment: A second tutorial on scheduling Pins reinforces platform usage, but it is more informational than market-moving. Article Title
• Negative Sentiment: Recent market commentary noted that Pinterest has been slipping more than the broader market, reflecting ongoing investor concern about valuation despite improving engagement. Article Title

Pinterest Stock Up 0.1%

Pinterest stock opened at $22.84 on Wednesday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a fifty day simple moving average of $21.02 and a 200 day simple moving average of $20.72. The company has a market cap of $12.79 billion, a P/E ratio of 47.58, a price-to-earnings-growth ratio of 1.30 and a beta of 0.89.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. During the same period in the prior year, the business posted $0.23 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Research analysts anticipate that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of research reports. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Benchmark cut their price objective on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Wedbush began coverage on shares of Pinterest in a research note on Thursday, July 16th. They issued a “neutral” rating and a $24.00 target price for the company. Robert W. Baird increased their target price on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Pinterest in a report on Tuesday, June 30th. Seventeen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $27.66.

Insider Activity at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 14,208 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $19.65, for a total value of $279,187.20. Following the sale, the insider owned 691,840 shares in the company, valued at $13,594,656. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $22.63, for a total value of $1,060,781.25. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 323,845 shares of company stock worth $6,836,065 in the last 90 days. Corporate insiders own 8.09% of the company’s stock.

Pinterest Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.