Pinterest, Inc. $PINS Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd decreased its holdings in Pinterest by 27.4%, owning 33,766 shares valued at approximately $1,046,000 after selling 12,753 shares in the 1st quarter.
• Director Benjamin Silbermann sold 102,083 shares for about $3.28 million, following which he only owned 6,274 shares, marking a significant ownership reduction of 94.21%.
• Analysts remain bullish on Pinterest, with twenty-six giving the stock a buy rating and a consensus target price increase to $42.40, despite the company missing earnings expectations by one cent.

Gulf International Bank UK Ltd decreased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 27.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,766 shares of the company's stock after selling 12,753 shares during the quarter. Gulf International Bank UK Ltd's holdings in Pinterest were worth $1,046,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Pinterest by 73.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after purchasing an additional 37,829 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Pinterest during the 1st quarter worth about $235,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Pinterest during the 1st quarter worth about $261,000. Wealth Enhancement Advisory Services LLC grew 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 worth $3,478,000 after purchasing 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 worth about $252,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PINS shares. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Monday, July 28th. UBS Group boosted their target price on Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a report on Wednesday, July 16th. Wells Fargo & Company set a $42.00 price target on Pinterest and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Thursday, May 15th. Finally, Barclays boosted their price target on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Friday, August 8th. Twenty-five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus price target of $42.40.

Pinterest Price Performance

Pinterest stock traded down $0.4470 during midday trading on Thursday, hitting $35.0330. 1,414,559 shares of the company were exchanged, compared to its average volume of 11,782,101. The company has a market cap of $23.82 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.78. The company's fifty day moving average price is $36.27 and its 200-day moving average price is $33.27. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

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

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the completion of the transaction, the director directly owned 8,414 shares in the company, valued at approximately $279,428.94. This represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Donnelly Julia Brau sold 29,606 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the transaction, the chief financial officer owned 362,890 shares of the company's stock, valued at approximately $12,428,982.50. This trade represents a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 987,287 shares of company stock valued at $34,626,200. Company insiders own 7.06% of the company's stock.

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.