Third Point LLC Acquires New Holdings in Pinterest, Inc. $PINS

Key Points

• Third Point LLC acquired 1,000,000 shares of Pinterest, Inc. (NYSE:PINS), valued at approximately $31 million, representing about 0.15% of the company's total shares.
• Several institutional investors have increased their holdings in Pinterest, with Vanguard Group owning over $1.79 billion worth of shares after a 2.2% increase in the first quarter.
• Analysts have generally positive ratings for Pinterest, with an average rating of "Moderate Buy" and a consensus price target of $42.40, following several upward revisions by major investment firms.

Third Point LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,000,000 shares of the company's stock, valued at approximately $31,000,000. Third Point LLC owned approximately 0.15% of Pinterest as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PINS shares. Cowen reissued a "buy" rating on shares of Pinterest in a research report on Friday, August 8th. Morgan Stanley raised Pinterest from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $37.00 to $45.00 in a research report on Monday, July 21st. Sanford C. Bernstein increased their price target on Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. UBS Group upped their price objective on Pinterest from $44.00 to $50.00 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Benchmark upped their price objective on Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $34.82, for a total value of $3,554,530.06. Following the completion of the transaction, the director directly owned 8,414 shares in the company, valued at approximately $292,975.48. The trade was a 92.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,088,005 shares of company stock valued at $39,037,739. 7.06% of the stock is currently owned by insiders.

Pinterest Stock Up 0.0%

PINS traded up $0.02 during trading hours on Friday, hitting $34.98. The stock had a trading volume of 2,467,781 shares, compared to its average volume of 11,544,234. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The company's fifty day simple moving average is $36.70 and its 200 day simple moving average is $33.13. The stock has a market cap of $23.78 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 1.48 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business had revenue of $998.23 million for 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. Pinterest'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. As a group, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

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.