Banque Transatlantique SA Invests $455,000 in Pinterest, Inc. $PINS

Key Points

• Banque Transatlantique SA invested approximately $455,000 in Pinterest, acquiring 15,885 shares in the first quarter.
• Recent hedge fund activity indicates growing interest in Pinterest, with 88.81% of the stock held by institutional investors.
• Pinterest reported $0.33 EPS for the previous quarter, lower than the expected $0.34, but achieved revenue of $998.23 million, surpassing forecasts.

Banque Transatlantique SA purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,885 shares of the company's stock, valued at approximately $455,000.

Other large investors have also added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Pinterest in the 1st quarter worth about $25,000. Garde Capital Inc. bought a new stake in Pinterest in the 1st quarter worth approximately $26,000. NBC Securities Inc. boosted 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 worth $31,000 after buying an additional 999 shares in the last quarter. American National Bank & Trust bought a new position in Pinterest during the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Pinterest by 665.4% during the first 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 in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the sale, the director owned 8,414 shares in the company, valued at approximately $319,311.30. The trade was a 92.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,088,005 shares of company stock worth $39,009,156 over the last ninety days. Company insiders own 7.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PINS. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Wedbush boosted their price target on shares of Pinterest from $42.00 to $44.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Stifel Nicolaus raised their price objective on Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, August 8th. KeyCorp lifted their price target on Pinterest from $40.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, 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. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.40.

Pinterest Stock Down 1.8%

Shares of PINS traded down $0.67 during trading hours on Tuesday, reaching $37.29. 14,917,501 shares of the company traded hands, compared to its average volume of 11,513,479. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The company's fifty day moving average price is $36.71 and its two-hundred day moving average price is $33.11. The company has a market capitalization of $25.35 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.77.

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

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.