Pictet Asset Management Holding SA Sells 391,654 Shares of Pinterest, Inc. $PINS

Pictet Asset Management Holding SA lowered its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,039,353 shares of the company's stock after selling 391,654 shares during the period. Pictet Asset Management Holding SA owned 0.60% of Pinterest worth $104,579,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Elevated Capital Advisors LLC bought a new position in shares of Pinterest in the 4th quarter worth approximately $26,000. N.E.W. Advisory Services LLC raised its position in shares of Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company's stock worth $27,000 after acquiring an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp raised its position in shares of Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock worth $29,000 after acquiring an additional 883 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company's stock worth $42,000 after acquiring an additional 419 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Pinterest by 2,409.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company's stock worth $44,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PINS shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $20.00 price objective (down from $36.00) on shares of Pinterest in a research report on Friday, February 13th. Royal Bank Of Canada lowered Pinterest from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $38.00 to $17.00 in a research report on Friday, February 13th. Benchmark reduced their price objective on Pinterest from $39.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, February 11th. Wall Street Zen lowered Pinterest from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft lowered Pinterest from a "buy" rating to a "hold" rating and set a $16.00 price objective for the company. 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 assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.43.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Malik Ducard sold 2,293 shares of the stock in a transaction 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 sale, the insider directly owned 695,187 shares in the company, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 2,100 shares of the stock in a transaction 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 sale, the director owned 27,450 shares in the company, valued at approximately $549,000. This represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 5,443 shares of company stock worth $113,584. Company insiders own 8.09% of the company's stock.

Pinterest Trading Up 1.9%

Shares of PINS opened at $20.31 on Tuesday. The business's fifty day simple moving average is $18.56 and its two-hundred day simple moving average is $23.77. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 1.34 and a beta of 0.88.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the prior year, the business posted $0.56 earnings per share. The business's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts forecast that Pinterest, Inc. will post 0.64 EPS for the current year.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Zacks notes PINS outperformed the broader market in the latest session, reflecting short-term buying interest and momentum. Pinterest (PINS) Rises Higher Than Market: Key Facts
• Neutral Sentiment: Consumer-interest stories (e.g., guides on monetizing Pinterest) may support long-term engagement but are unlikely to move the stock materially in the near term. Turn Pinterest into your income stream
• Negative Sentiment: Multiple law firms and investor groups have announced or promoted securities class actions and reminders for lead-plaintiff deadlines covering Feb 7, 2025–Feb 12, 2026; this wave of litigation notices increases legal overhang and potential settlement/defense costs. Sources: GlobeNewswire (Levi & Korsinsky), Portnoy, Rosen, Faruqi reminders. PINS Investor Alert: Pinterest Securities Fraud Lawsuit Portnoy Law Firm Announces Class Action ROSEN Encourages Pinterest Investors to Secure Counsel Faruqi & Faruqi Shareholder Reminder
• Negative Sentiment: BWG Global downgraded PINS (Mixed from Positive) and expects Q2 ad spending to decelerate year‑over‑year; independent bearish writeups summarize concerns about advertising demand and valuation — these raise the risk of slower top-line growth and margin pressure. BWG Global Downgrades Pinterest (PINS) Is Pinterest, Inc. (PINS) A Good Stock To Buy Now?

Pinterest Company Profile

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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