Pinterest, Inc. $PINS Stock: Vontobel Holding Ltd. Reduces Stake

Vontobel Holding Ltd. cut its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 61.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,862 shares of the company’s stock after selling 32,335 shares during the period. Vontobel Holding Ltd.’s holdings in Pinterest were worth $375,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in Pinterest by 271.1% in the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock worth $109,831,000 after buying an additional 4,375,000 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Pinterest by 15.4% during the 1st quarter. Bank of America Corp DE now owns 5,848,116 shares of the company’s stock valued at $107,254,000 after acquiring an additional 779,998 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Pinterest by 300.4% during the 3rd 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. Bank of New York Mellon Corp boosted its stake in shares of Pinterest by 11.1% during the 1st quarter. Bank of New York Mellon Corp now owns 4,014,388 shares of the company’s stock worth $73,624,000 after acquiring an additional 401,619 shares in the last quarter. Finally, Senvest Management LLC boosted its stake in shares of Pinterest by 5.1% during the 1st quarter. Senvest Management LLC now owns 3,594,581 shares of the company’s stock worth $65,925,000 after acquiring an additional 175,000 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Trading Down 0.0%

NYSE PINS opened at $22.98 on Thursday. The firm’s 50 day moving average price is $20.90 and its two-hundred day moving average price is $21.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $35.42. The stock has a market cap of $12.87 billion, a price-to-earnings ratio of 58.92, a PEG ratio of 1.50 and a beta of 0.90.

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

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 93,750 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $23.48, for a total value of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares in the company, valued at $19,192,763.32. The trade was a 6.74% decrease in their ownership of the stock. 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 have sold 692,877 shares of company stock worth $14,733,501 in the last quarter. 8.09% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Pinterest

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PINS shares. Phillip Securities raised Pinterest to a “strong-buy” rating in a research report on Monday. Citigroup increased their price target on Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Zacks Research cut Pinterest from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Wall Street Zen raised Pinterest from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, BMO Capital Markets boosted their price objective on Pinterest from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.90.

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.