GDS Wealth Management Raises Position in Pinterest, Inc. $PINS

Key Points

• GDS Wealth Management increased its stake in Pinterest, Inc. by 55.7% during the first quarter, bringing their holdings to 182,244 shares valued at approximately $5.65 million.
• Several other hedge funds also adjusted their Pinterest holdings, with transactions including Bartlett & CO. purchasing a new stake worth about $25,000 and NBC Securities Inc. lifting their position by 99,900%.
• Following the last earnings report, Pinterest missed EPS expectations by $0.01, reporting $0.33 EPS, while revenue was higher than expected at $998.23 million.

GDS Wealth Management boosted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 55.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 182,244 shares of the company's stock after purchasing an additional 65,173 shares during the period. GDS Wealth Management's holdings in Pinterest were worth $5,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of PINS. Bartlett & CO. Wealth Management LLC purchased a new position in Pinterest during the first quarter valued at $25,000. Garde Capital Inc. purchased a new position in shares of Pinterest in the first quarter valued at about $26,000. NBC Securities Inc. lifted its position in shares of Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after acquiring an additional 999 shares in the last quarter. American National Bank & Trust purchased a new position in shares of Pinterest in the first quarter valued at about $32,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after acquiring an additional 1,058 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director owned 30,600 shares in the company, valued at approximately $1,071,000. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,090,520 shares of company stock valued at $38,235,271. 7.06% of the stock is currently owned by company insiders.

Pinterest Price Performance

Shares of PINS stock traded up $0.6950 during trading hours on Friday, hitting $35.5650. The stock had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The stock's 50-day moving average price is $36.32 and its two-hundred day moving average price is $33.29. The stock has a market capitalization of $24.18 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.40 and a beta of 0.78.

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

Analysts Set New Price Targets

Several brokerages have recently commented on PINS. JPMorgan Chase & Co. upgraded Pinterest from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Stifel Nicolaus boosted their price objective on Pinterest from $46.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Susquehanna restated a "positive" rating and issued a $42.00 price objective on shares of Pinterest in a research report on Friday, August 8th. BMO Capital Markets lowered their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Finally, Wells Fargo & Company set a $42.00 price objective on Pinterest and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.40.

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.