Vontobel Holding Ltd. Sells 32,335 Shares of Pinterest, Inc. $PINS

Vontobel Holding Ltd. lessened its stake in Pinterest, Inc. (NYSE:PINS) by 61.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,862 shares of the company’s stock after selling 32,335 shares during the quarter. Vontobel Holding Ltd.’s holdings in Pinterest were worth $375,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daytona Street Capital LLC purchased a new position in shares of Pinterest during the 3rd quarter valued at $45,000. Assenagon Asset Management S.A. raised its holdings in shares of Pinterest by 300.4% during the third quarter. Assenagon Asset Management S.A. now owns 4,398,316 shares of the company’s stock worth $83,084,000 after acquiring an additional 3,299,884 shares in the last quarter. Tempus Wealth Planning LLC raised its holdings in shares of Pinterest by 8.5% during the third quarter. Tempus Wealth Planning LLC now owns 22,818 shares of the company’s stock worth $431,000 after acquiring an additional 1,783 shares in the last quarter. Seelaus Asset Management LLC raised its holdings in shares of Pinterest by 27.6% during the third quarter. Seelaus Asset Management LLC now owns 26,829 shares of the company’s stock worth $507,000 after acquiring an additional 5,807 shares in the last quarter. Finally, Krilogy Financial LLC acquired a new stake in Pinterest during the third quarter valued at $232,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PINS. Morgan Stanley lifted their price objective on Pinterest from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Robert W. Baird upped their target price on Pinterest from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Rosenblatt Securities raised their price target on Pinterest from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Jefferies Financial Group upgraded Pinterest from a “hold” rating to a “buy” rating in a report on Monday, August 31st. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.90.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Phillip Securities upgraded Pinterest to “strong buy,” adding to the bullish view of the company’s recent performance and longer-term prospects. Phillip Securities upgrades Pinterest
• Positive Sentiment: Pinterest is positioning its platform as a longer holiday-shopping discovery funnel, potentially giving advertisers more opportunities to reach users before and during the purchasing cycle. This could support engagement and seasonal ad revenue. Pinterest holiday shopping discovery cycle
• Positive Sentiment: A recent analysis argues that Pinterest may be undervalued, citing its debt-light balance sheet, large global user base and potential to improve monetization through commerce and advertising. AppLovin versus Pinterest analysis
• Neutral Sentiment: Pinterest replaced a $500 million revolving credit line with a five-year, $700 million asset-backed facility. The larger financing capacity improves liquidity, but tighter covenants and secured collateral make the refinancing a mixed development. Pinterest funding toolkit analysis
• Neutral Sentiment: Increased investor attention has prompted analysis of whether PINS is a buy at current levels. Its recent earnings beat—with revenue up 18.2% year over year—provides support, but the stock’s elevated earnings multiple leaves less room for execution mistakes. Zacks Pinterest stock analysis
• Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares worth about $1.06 million, while director Gokul Rajaram sold 1,050 shares worth approximately $24,000. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but insider selling can still weigh modestly on sentiment. Pinterest insider sale filing

Insider Buying and Selling at Pinterest

In related news, insider Claude Leonard Brown sold 12,240 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $20.00, for a total value of $244,800.00. Following the completion of the sale, the insider directly owned 1,130,768 shares in the company, valued at approximately $22,615,360. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $22.56, for a total transaction of $1,057,500.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 692,877 shares of company stock worth $14,733,501 in the last 90 days. 8.09% of the stock is currently owned by company insiders.

Pinterest Stock Performance

PINS stock opened at $22.98 on Thursday. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $12.87 billion, a price-to-earnings ratio of 58.92, a P/E/G ratio of 1.50 and a beta of 0.90. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $35.42. The firm has a 50 day moving average of $20.90 and a two-hundred day moving average of $21.05.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.36 by $0.07. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. Pinterest’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 EPS. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.