Bronte Capital Management Pty Ltd. Decreases Stock Holdings in Pinterest, Inc. $PINS

Key Points

• Bronte Capital Management trimmed its Pinterest stake by 21.1% in Q4, selling 137,086 shares and retaining 512,196 shares (about $13.26M), making PINS its 14th-largest holding.
• Pinterest reported a strong Q1 — revenue $1.01B (+18% YoY), adjusted EPS $0.27, raised Q2 revenue guidance, disclosed roughly $2B in share repurchases, and benefited from AI-driven ad momentum and analyst upgrades that lifted the stock.
• At the same time, multiple securities-class action filings allege misstatements about advertising revenue/capabilities for Feb 2025–Feb 2026, posing a legal overhang and potential future costs.

Bronte Capital Management Pty Ltd. trimmed its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,196 shares of the company's stock after selling 137,086 shares during the period. Pinterest makes up approximately 1.4% of Bronte Capital Management Pty Ltd.'s holdings, making the stock its 14th biggest holding. Bronte Capital Management Pty Ltd. owned approximately 0.08% of Pinterest worth $13,261,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Davis Selected Advisers purchased a new stake in Pinterest during the 3rd quarter valued at $253,887,000. Man Group plc raised its holdings in Pinterest by 185.7% during the 3rd quarter. Man Group plc now owns 4,983,427 shares of the company's stock valued at $160,317,000 after buying an additional 3,239,222 shares during the period. Victory Capital Management Inc. raised its holdings in Pinterest by 18.5% during the 3rd quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company's stock valued at $685,899,000 after buying an additional 3,213,241 shares during the period. Vanguard Group Inc. raised its holdings in Pinterest by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company's stock valued at $1,961,933,000 after buying an additional 3,044,674 shares during the period. Finally, Erste Asset Management GmbH raised its holdings in Pinterest by 33,818.9% during the 3rd quarter. Erste Asset Management GmbH now owns 2,510,000 shares of the company's stock valued at $83,633,000 after buying an additional 2,502,600 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Q1 results beat top‑and‑bottom‑line expectations: revenue $1.01B (+18% YoY), adjusted EPS $0.27 (beat), and MAUs rose to 631M; management gave Q2 revenue guidance above consensus — this is the primary catalyst for the rally. Business Wire: Q1 results
• Positive Sentiment: AI and ad-product momentum: management and coverage note that Pinterest’s AI-powered ad stack and Performance+ adoption are boosting ARPU and advertiser ROI — a structural improvement that supports sustained ad revenue growth. Investopedia: AI helped drive growth
• Positive Sentiment: Analyst upgrades and price‑target increases: several firms (including Morgan Stanley, Oppenheimer, UBS, Mizuho and others) raised targets and ratings after the beat, adding credibility to the upside thesis and amplifying buying. 247WallStreet: Six firms hike price targets
• Positive Sentiment: Large share repurchases: Pinterest disclosed ~ $2B of repurchases at a sub‑current price average (reducing shares outstanding), which mechanically supports EPS and signals management confidence. Business Wire: Share repurchases
• Positive Sentiment: Heavy bullish options flow: traders bought an unusually large number of call options intraday, indicating speculative positioning for further upside (short‑term technical fuel).
• Neutral Sentiment: Elevated trading and volatility: volume is well above average as investors and traders reprice the stock around fresh guidance and analyst revisions — expect wider intraday swings.
• Negative Sentiment: Multiple securities‑class action filings and plaintiff solicitations were announced alleging misstatements about advertising revenue/capabilities for the Feb 7, 2025–Feb 12, 2026 period; this creates legal overhang and potential future costs. GlobeNewswire: Pomerantz class action

Pinterest Stock Up 6.9%

Shares of Pinterest stock opened at $22.29 on Wednesday. The stock's fifty day moving average is $18.86 and its two-hundred day moving average is $23.44. The company has a market capitalization of $14.82 billion, a PE ratio of 46.43, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 7.42% and a net margin of 7.64%.The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. During the same quarter in the prior year, the company posted $0.23 EPS. Pinterest's quarterly revenue was up 17.8% on a year-over-year basis. As a group, research analysts anticipate that Pinterest, Inc. will post 0.64 earnings per share for the current year.

Insider Activity

In other news, Director Gokul Rajaram sold 2,100 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the transaction, the director owned 27,450 shares of the company's stock, valued at approximately $549,000. This represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.09% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on PINS shares. Roth Mkm decreased their price target on Pinterest from $34.00 to $29.00 and set a "neutral" rating on the stock in a report on Friday, January 30th. Piper Sandler restated a "neutral" rating and set a $26.00 price target (up from $21.00) on shares of Pinterest in a report on Tuesday. BMO Capital Markets restated an "outperform" rating and set a $30.00 price target on shares of Pinterest in a report on Tuesday. Wells Fargo & Company started coverage on Pinterest in a report on Tuesday, April 7th. They set an "overweight" rating and a $25.00 price target on the stock. Finally, Royal Bank Of Canada increased their price target on Pinterest from $17.00 to $23.00 and gave the company a "sector perform" rating in a report on Tuesday. Sixteen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $27.31.

Pinterest Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate "Pins" — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company's primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

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