Wellington Management Group LLP Sells 8,747,108 Shares of Pinterest, Inc. $PINS

Key Points

• Wellington Management Group LLP reduced its stake in Pinterest by 75.7%, resulting in ownership of approximately 2.8 million shares valued at $86.9 million.
• Multiple institutional investors have recently increased their holdings in Pinterest, with 88.81% of the stock now owned by such entities.
• Pinterest reported a 16.9% increase in revenue year-over-year for the last quarter, but its earnings per share missed analysts' expectations.

Wellington Management Group LLP lowered its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 75.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,803,837 shares of the company's stock after selling 8,747,108 shares during the period. Wellington Management Group LLP owned about 0.41% of Pinterest worth $86,919,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new position in shares of Pinterest during the first quarter valued at $25,000. Garde Capital Inc. acquired a new stake in shares of Pinterest during the first quarter worth $26,000. NBC Securities Inc. increased its position in shares of 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 period. American National Bank & Trust acquired a new stake in shares of Pinterest during the first quarter worth $32,000. Finally, Golden State Wealth Management LLC increased its position in shares of Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after buying an additional 1,058 shares during the period. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Up 2.0%

NYSE:PINS traded up $0.6950 during trading hours on Friday, reaching $35.5650. The company had a trading volume of 7,216,559 shares, compared to its average volume of 11,888,044. The firm has a market cap of $24.18 billion, a price-to-earnings ratio of 67.19, a P/E/G ratio of 1.43 and a beta of 0.78. The business's 50-day simple moving average is $36.32 and its two-hundred day simple moving average is $33.29. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). The business had revenue of $998.23 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. As a group, equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $33.21, for a total transaction of $3,390,176.43. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at $279,428.94. This trade represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 1,090,520 shares of company stock worth $38,235,271 over the last 90 days. 7.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PINS shares. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen cut shares of Pinterest from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. TD Cowen increased their price objective on shares of Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a research report on Monday, July 28th. Finally, BMO Capital Markets decreased their price objective on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. 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 currently has an average rating of "Moderate Buy" and an average target price of $42.40.

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.