Pinterest, Inc. $PINS Shares Bought by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Pinterest, acquiring an additional 164,583 shares, resulting in a total ownership of 562,640 shares, valued at approximately $17.4 million.
• Analyst upgrades for Pinterest include a price target increase from $40.00 to $46.00, with a consensus rating of "Moderate Buy" among investment analysts.
• Insider transactions disclosed include Director Benjamin Silbermann selling over 102,000 shares, indicating significant insider movement amid strong institutional interest in Pinterest.

Hsbc Holdings PLC boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 41.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 562,640 shares of the company's stock after purchasing an additional 164,583 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of Pinterest worth $17,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of 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 valued at $2,760,000 after buying an additional 37,829 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Pinterest during the 1st quarter valued at about $235,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Pinterest during the 1st quarter valued at about $261,000. Wealth Enhancement Advisory Services LLC raised 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 valued at $3,478,000 after buying an additional 19,552 shares during the period. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of Pinterest during the 4th quarter valued at about $252,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $34.96, for a total value of $3,568,821.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,510 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $35.68, for a total transaction of $410,676.80. Following the completion of the sale, the insider owned 390,230 shares in the company, valued at $13,923,406.40. The trade was a 2.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 992,196 shares of company stock valued at $35,154,134 in the last ninety days. Insiders own 7.11% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PINS. Morgan Stanley upgraded Pinterest from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $37.00 to $45.00 in a report on Monday, July 21st. JPMorgan Chase & Co. upgraded Pinterest from a "neutral" rating to an "overweight" rating and raised their target price for the company from $35.00 to $40.00 in a report on Tuesday, June 3rd. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Thursday, May 15th. Bank of America raised their target price on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, KeyCorp raised their target price on Pinterest from $40.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Twenty-five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Price Performance

PINS traded up $0.17 during trading hours on Wednesday, hitting $36.23. 7,147,694 shares of the stock were exchanged, compared to its average volume of 11,708,489. The stock has a 50-day simple moving average of $36.36 and a 200-day simple moving average of $33.28. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 1.42 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business's revenue for the quarter was up 16.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

About Pinterest

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.