Bank of Hawaii Purchases New Holdings in Pinterest, Inc. $PINS

Key Points

• Bank of Hawaii has acquired a new stake in Pinterest, purchasing 20,113 shares for approximately $624,000 in the first quarter of this year.
• A significant portion of Pinterest's stock, 88.81%, is owned by institutional investors, with several hedge funds increasing their positions during the same period.
• Analysts have issued an overwhelmingly positive outlook for Pinterest, with 25 analysts rating the stock as a "Buy" and a consensus target price of $42.40.

Bank of Hawaii purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,113 shares of the company's stock, valued at approximately $624,000.

Other hedge funds have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC bought a new position in Pinterest in the first quarter valued at approximately $25,000. Garde Capital Inc. bought a new position in Pinterest in the first quarter valued at approximately $26,000. NBC Securities Inc. increased its stake in Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after acquiring an additional 999 shares during the last quarter. American National Bank & Trust bought a new position in Pinterest in the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC increased its stake in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after acquiring an additional 1,058 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on PINS shares. Monness Crespi & Hardt lifted their price objective on shares of Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Cowen reissued a "buy" rating on shares of Pinterest in a research note on Friday, August 8th. Benchmark lifted their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. TD Cowen raised their target price on shares of Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Finally, KeyCorp raised their target price 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-five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $35.54 on Tuesday. The firm has a market cap of $24.16 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 1.43 and a beta of 0.78. The firm's fifty day moving average is $36.33 and its 200-day moving average is $33.26. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $998.23 million for the quarter, compared to analyst estimates of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.Pinterest's revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. Pinterest has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the transaction, the director owned 8,414 shares in the company, valued at approximately $279,428.94. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,094,279 shares of company stock worth $38,366,686 in the last quarter. 7.11% of the stock is currently owned by insiders.

Pinterest 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.