Korea Investment CORP Sells 147,701 Shares of Pinterest, Inc. $PINS

Key Points

• Korea Investment CORP reduced its stake in Pinterest, Inc. by 15.1%, selling 147,701 shares, and now holds approximately 830,766 shares worth $25,754,000.
• Insider trading activity includes the sale of 11,510 shares by insider Wanjiku Juanita Walcott and 29,606 shares by CFO Donnelly Julia Brau, with a total of 991,046 shares sold by insiders in the last 90 days.
• Pinterest’s recent quarterly earnings reported $0.33 EPS, missing analyst estimates, but revenue grew by 16.9% year-over-year to $998.23 million.

Korea Investment CORP cut its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 830,766 shares of the company's stock after selling 147,701 shares during the period. Korea Investment CORP owned about 0.12% of Pinterest worth $25,754,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Bartlett & CO. Wealth Management LLC acquired a new stake in Pinterest during the 1st quarter valued at $25,000. Garde Capital Inc. acquired a new stake in Pinterest during the 1st quarter valued at $26,000. NBC Securities Inc. increased its holdings in Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust acquired a new stake in Pinterest during the 1st quarter valued at $32,000. Finally, Golden State Wealth Management LLC increased its holdings in Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after purchasing an additional 1,058 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total value of $3,390,176.43. Following the transaction, the director directly owned 8,414 shares in the company, valued at $279,428.94. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders 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 Stock Performance

PINS traded up $0.6950 during mid-day trading on Friday, reaching $35.5650. The stock had a trading volume of 7,216,559 shares, compared to its average volume of 11,739,806. The stock has a market capitalization of $24.18 billion, a P/E ratio of 12.75, a P/E/G ratio of 1.40 and a beta of 0.78. The firm's fifty day simple moving average is $36.32 and its two-hundred day simple moving average is $33.29. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90.

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

Analyst Ratings Changes

A number of research firms recently weighed in on PINS. Wedbush raised their price target on Pinterest from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Susquehanna reaffirmed a "positive" rating and set a $42.00 price target on shares of Pinterest in a report on Friday, August 8th. Wells Fargo & Company set a $42.00 price target on Pinterest and gave the company an "overweight" rating in a report on Tuesday, July 1st. UBS Group raised their price target on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. raised Pinterest from a "neutral" rating to an "overweight" rating and raised their price target for the company from $35.00 to $40.00 in a report on Tuesday, June 3rd. Twenty-five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

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.