Davis Selected Advisers Acquires 3,909,926 Shares of Pinterest, Inc. $PINS

Key Points

• Davis Selected Advisers boosted its Pinterest stake by 49.5%, buying an additional 3,909,926 shares to own 11,801,983 shares (about 1.75% of the company), a position valued at roughly $305.6 million.
• Multiple law firms have announced or encouraged participation in a securities‑class action against Pinterest (class period Feb. 7, 2025–Feb. 12, 2026), creating a legal overhang that could pressure sentiment and valuation.
• Pinterest's most recent quarter slightly missed EPS and revenue estimates (EPS $0.67 vs $0.68 est.; revenue $1.32B vs $1.33B), and the stock carries a consensus analyst rating of Hold with a consensus price target of $25.40.

Davis Selected Advisers boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,801,983 shares of the company's stock after acquiring an additional 3,909,926 shares during the period. Pinterest comprises about 1.4% of Davis Selected Advisers' portfolio, making the stock its 21st largest position. Davis Selected Advisers owned approximately 1.75% of Pinterest worth $305,554,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter valued at about $26,000. N.E.W. Advisory Services LLC lifted its position in shares of Pinterest by 505.7% during the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company's stock valued at $27,000 after buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock valued at $29,000 after buying an additional 883 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Pinterest by 46.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company's stock valued at $42,000 after buying an additional 419 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company's stock valued at $44,000 after buying an additional 1,325 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 2,100 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director owned 27,450 shares in the company, valued at approximately $549,000. This represents a 7.11% decrease in their position. The sale 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. Also, insider Malik Ducard sold 2,293 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider directly owned 695,187 shares of the company's stock, valued at $15,335,825.22. This represents a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,443 shares of company stock valued at $113,584 over the last ninety days. 8.09% of the stock is currently owned by insiders.

Pinterest Stock Up 2.8%

Shares of Pinterest stock opened at $20.21 on Friday. The firm has a market capitalization of $13.44 billion, a P/E ratio of 33.13, a PEG ratio of 1.32 and a beta of 0.93. The company has a 50 day moving average price of $18.77 and a 200 day moving average price of $23.64. 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 Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 earnings per share. As a group, research analysts anticipate that Pinterest, Inc. will post 0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen lowered shares of Pinterest from a "buy" rating to a "hold" rating in a research report on Saturday, April 25th. Weiss Ratings lowered shares of Pinterest from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, April 2nd. HSBC lowered shares of Pinterest from a "buy" rating to a "hold" rating and set a $24.90 price target for the company. in a research report on Friday, January 30th. Mizuho set a $35.00 price target on shares of Pinterest in a research report on Tuesday, February 3rd. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $20.00 price target on shares of Pinterest in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.40.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Benchmark trimmed its price target slightly (from $34 to $33) but maintained a "buy" rating, signaling continued analyst conviction in upside if Pinterest can execute on monetization. Benchmark lowed price target
• Neutral Sentiment: Analysts and press are parsing Pinterest’s move into AI shopping tools and connected‑TV (CTV) ads — coverage argues these initiatives could support revenue growth but also raise costs and execution risk; RBC Capital left a hold rating and other research shows only modest changes to fair‑value estimates. AI shopping and CTV ads analysis RBC hold
• Negative Sentiment: Multiple law firms have announced or encouraged participation in a securities‑class action against Pinterest (class period: Feb. 7, 2025–Feb. 12, 2026) with a May 29, 2026 lead‑plaintiff deadline; complaints allege material misstatements/omissions about advertising revenues, ad capabilities and tariff impacts — this cluster of litigation notices increases legal overhang and could pressure sentiment and valuation depending on developments. Representative filings/alerts: Pomerantz (complaint filed) Pomerantz filing, Glancy Prongay Wolke & Rotter Glancy notice, and Kessler Topaz Kessler Topaz alert.

About Pinterest

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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