Banque Pictet & Cie SA Acquires 321,838 Shares of Pinterest, Inc. $PINS

Key Points

• Banque Pictet & Cie SA significantly increased its stake in Pinterest, Inc., acquiring 321,838 shares, totaling a 3,220.6% rise in holdings during the second quarter, worth approximately $11.9 million.
• Wall Street analysts are optimistic about Pinterest, with numerous firms raising their target prices to between $40.00 and $45.00, indicating a consensus rating of "Moderate Buy."
• Insider transactions reveal that Director Benjamin Silbermann sold 102,083 shares for over $3.5 million, amidst a trend of significant insider selling totaling approximately $38.5 million in the last ninety days.

Banque Pictet & Cie SA boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 3,220.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,831 shares of the company's stock after purchasing an additional 321,838 shares during the quarter. Banque Pictet & Cie SA's holdings in Pinterest were worth $11,899,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of Pinterest by 73.9% in the first quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after acquiring an additional 37,829 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Pinterest in the 1st quarter valued at $235,000. Concurrent Investment Advisors LLC acquired a new stake in Pinterest in the 1st quarter worth $261,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Pinterest by 21.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after purchasing an additional 19,552 shares during the period. Finally, Strs Ohio acquired a new position in shares of Pinterest during the first quarter valued at about $15,035,000. 88.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PINS shares. KeyCorp lifted their target price on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Sanford C. Bernstein lifted their price objective on Pinterest from $40.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. TD Cowen boosted their price objective on Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Barclays raised their target price on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Twenty-four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.38.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the business'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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 1,069,710 shares of company stock worth $38,480,848. Company insiders own 7.06% of the company's stock.

Pinterest Price Performance

Shares of PINS stock opened at $33.40 on Friday. The stock's fifty day simple moving average is $36.58 and its 200 day simple moving average is $33.13. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The firm has a market cap of $22.71 billion, a price-to-earnings 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $973.42 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm's revenue was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

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.

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