Ninety One UK Ltd Acquires 661,757 Shares of Pinterest, Inc. $PINS

Key Points

• Ninety One UK Ltd increased its stake in Pinterest, Inc. by 11.0%, acquiring an additional 661,757 shares during the second quarter, bringing its total ownership to approximately 6.69 million shares valued at $239.87 million.
• Multiple analysts have rated Pinterest shares positively, with JPMorgan Chase upgrading the stock to "overweight" and raising the price target from $35.00 to $40.00, while the consensus target price is currently $42.63.
• Pinterest reported a revenue of $998.23 million for the last quarter, surpassing analyst expectations, although it missed earnings per share estimates by 0.01, posting $0.33 EPS.

Ninety One UK Ltd increased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 11.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,689,112 shares of the company's stock after acquiring an additional 661,757 shares during the quarter. Ninety One UK Ltd owned approximately 0.99% of Pinterest worth $239,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Pinterest during the 1st quarter valued at $25,000. Garde Capital Inc. bought a new position in Pinterest during the first quarter valued at about $26,000. NBC Securities Inc. increased its holdings in Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after buying an additional 999 shares during the last quarter. American National Bank & Trust bought a new stake in Pinterest in the first quarter worth about $32,000. Finally, West Branch Capital LLC purchased a new position in Pinterest in the second quarter valued at about $36,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on PINS. JPMorgan Chase & Co. upgraded shares of Pinterest from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Cowen reissued a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Guggenheim restated a "buy" rating on shares of Pinterest in a research note on Tuesday, September 2nd. Susquehanna reaffirmed a "positive" rating and set a $42.00 price target on shares of Pinterest in a research report on Friday, August 8th. Finally, Piper Sandler set a $40.00 price objective on Pinterest in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $42.63.

Pinterest Stock Performance

NYSE:PINS opened at $32.18 on Wednesday. The business's fifty day moving average is $36.29 and its 200 day moving average is $33.16. The firm has a market cap of $21.88 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.39 and a beta of 0.77. 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 issued its earnings results on Thursday, August 7th. The company reported $0.33 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 company had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same quarter in the prior year, the business earned $0.29 EPS. The firm'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. Equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the company'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 transaction of $3,568,821.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the completion of the transaction, the chief financial officer directly owned 312,422 shares of the company's stock, valued at approximately $10,887,906.70. The trade was a 6.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 967,627 shares of company stock valued at $34,866,089. 7.11% of the stock is owned by corporate insiders.

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.

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