Bank Pictet & Cie Europe AG Purchases Shares of 377,065 Pinterest, Inc. $PINS

Key Points

• Bank Pictet & Cie Europe AG has acquired 377,065 shares of Pinterest, Inc., valued at approximately $13.5 million, representing about 0.06% ownership of the company at the end of the second quarter.
• Pinterest's recent quarterly earnings report showed a missing EPS estimate of $0.33 against the consensus estimate of $0.34, despite revenue growth of 16.9% year-over-year.
• Recent analyst activities include Barclays increasing its price target for Pinterest from $38 to $40, and multiple firms have given the stock a "Buy" rating, indicating positive market sentiment.

Bank Pictet & Cie Europe AG acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 377,065 shares of the company's stock, valued at approximately $13,522,000. Bank Pictet & Cie Europe AG owned approximately 0.06% of Pinterest at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in Pinterest during the first quarter valued at approximately $25,000. Garde Capital Inc. bought a new position in shares of Pinterest in the first quarter valued at $26,000. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% during the 1st 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 stake in shares of Pinterest during the 1st quarter worth $32,000. Finally, Golden State Wealth Management LLC grew its holdings in shares of Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after acquiring an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Performance

PINS stock opened at $33.40 on Friday. The firm has a 50 day simple moving average of $36.58 and a 200 day simple moving average of $33.13. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The stock has a market cap of $22.71 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.38 and a beta of 0.77.

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

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $34.96, for a total transaction of $3,568,821.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 1,069,710 shares of company stock valued at $38,480,848 over the last 90 days. Corporate insiders own 7.06% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent analyst reports. Barclays increased their price target on Pinterest from $38.00 to $40.00 and gave the company an "equal weight" rating in a research report on Friday, August 8th. Wall Street Zen cut shares of Pinterest from a "buy" rating to a "hold" rating in a report on Sunday, September 7th. JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Stifel Nicolaus upped their price target 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. Finally, Monness Crespi & Hardt lifted their price objective on shares of Pinterest from $40.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.38.

About Pinterest

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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