Ninety One SA PTY Ltd Sells 432 Shares of Pinterest, Inc. $PINS

Ninety One SA PTY Ltd trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 0.5% in the second quarter, Holdings Channel.com reports. The fund owned 88,194 shares of the company’s stock after selling 432 shares during the quarter. Ninety One SA PTY Ltd’s holdings in Pinterest were worth $3,162,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PINS. Amundi raised its position in Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company’s stock worth $441,897,000 after purchasing an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Pinterest by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock valued at $988,662,000 after purchasing an additional 6,460,143 shares during the period. Swedbank AB grew its stake in shares of Pinterest by 344.0% in the 1st quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock valued at $181,024,000 after purchasing an additional 4,524,433 shares during the period. Pacer Advisors Inc. boosted 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. Finally, Congress Asset Management Co. acquired a new stake in Pinterest in the 2nd quarter valued at $82,516,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Down 3.4%

Shares of NYSE:PINS opened at $32.18 on Wednesday. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The company’s 50-day moving average price is $36.29 and its two-hundred day moving average price is $33.16. The firm has a market cap of $21.88 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.39 and a beta of 0.77.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (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 for the quarter, compared to analyst estimates of $973.42 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Pinterest’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, equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total value of $795,311.85. Following the completion of the transaction, the chief financial officer owned 312,422 shares in the company, valued at $10,887,906.70. The trade was a 6.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total value of $3,568,821.68. The disclosure for this sale can be found here. Insiders sold a total of 967,627 shares of company stock valued at $34,866,089 in the last 90 days. 7.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on PINS. JPMorgan Chase & Co. raised Pinterest from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $40.00 in a report on Tuesday, June 3rd. Guggenheim reiterated a “buy” rating on shares of Pinterest in a research report on Tuesday, September 2nd. Stifel Nicolaus increased their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Sanford C. Bernstein upped their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 22nd. Finally, Bank of America upped their price objective on shares of Pinterest from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.63.

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.