Avior Wealth Management LLC Takes Position in Pinterest, Inc. $PINS

Key Points

• Avior Wealth Management LLC has acquired a new position in Pinterest, purchasing 15,441 shares valued at approximately $554,000 during the 2nd quarter.
• Institutional investors now hold 88.81% of Pinterest's stock, with notable increases from firms such as Vanguard Group, which grew its holdings by 2.2%.
• In recent analyst ratings, Morgan Stanley upgraded Pinterest from "equal weight" to "overweight," raising its target price from $37 to $45.

Avior Wealth Management LLC bought a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 15,441 shares of the company's stock, valued at approximately $554,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company's stock worth $1,798,270,000 after purchasing an additional 1,263,863 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 worth $988,662,000 after purchasing an additional 6,460,143 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Pinterest by 13.7% in the 1st quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company's stock worth $480,452,000 after purchasing an additional 1,862,654 shares during the last quarter. Amundi grew its holdings in shares of Pinterest by 618.9% in the 1st 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 during the last quarter. Finally, Swedbank AB grew its holdings in shares of Pinterest by 27.3% in the 2nd quarter. Swedbank AB now owns 7,430,885 shares of the company's stock worth $266,472,000 after purchasing an additional 1,591,400 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley raised shares of Pinterest from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $37.00 to $45.00 in a report on Monday, July 21st. Wedbush upped their target price on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Cowen restated a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Finally, KeyCorp raised their price objective on shares of Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Twenty-four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $42.38.

Pinterest Trading Down 1.0%

Shares of NYSE PINS opened at $33.27 on Tuesday. The firm has a market capitalization of $22.62 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.77. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The firm's 50-day moving average is $36.41 and its 200-day moving average is $33.16.

Pinterest (NYSE:PINS - Get Free Report) last issued its 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). The business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total value of $3,568,821.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 1,069,710 shares of company stock valued at $38,480,848. 7.11% of the stock is currently owned by company insiders.

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.

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