Davis Investment Partners LLC Acquires Shares of 19,732 Pinterest, Inc. $PINS

Davis Investment Partners LLC purchased a new position in shares of Pinterest, Inc. (NYSE:PINS) during the second quarter, Holdings Channel.com reports. The fund purchased 19,732 shares of the company’s stock, valued at approximately $704,000.

Several other large investors have also recently added to or reduced their stakes in PINS. Amundi increased its position in Pinterest by 618.9% in the 1st quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after acquiring an additional 12,271,958 shares during the period. Price T Rowe Associates Inc. MD increased its position in Pinterest by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock valued at $988,662,000 after acquiring an additional 6,460,143 shares during the period. Swedbank AB increased its position in Pinterest by 344.0% in the 1st quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock valued at $181,024,000 after acquiring an additional 4,524,433 shares during the period. Pacer Advisors Inc. increased its position in Pinterest by 4,673.9% in the 1st quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company’s stock valued at $78,484,000 after acquiring an additional 2,478,708 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its position in Pinterest by 12,207.2% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 2,023,062 shares of the company’s stock valued at $58,669,000 after acquiring an additional 2,006,624 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Sanford C. Bernstein raised their target price on Pinterest from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, July 22nd. Monness Crespi & Hardt increased their price target on Pinterest from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Wall Street Zen lowered Pinterest from a “buy” rating to a “hold” rating in a research note on Sunday, September 7th. KeyCorp increased their price target on Pinterest from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Finally, Benchmark increased their price target 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 research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $42.40.

Insiders Place Their Bets

In other news, CTO Matthew Madrigal sold 20,000 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $38.58, for a total value of $771,600.00. Following the completion of the sale, the chief technology officer owned 428,823 shares of the company’s stock, valued at $16,543,991.34. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares of the company’s stock, valued at approximately $1,071,000. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,088,005 shares of company stock worth $39,037,739. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Stock Up 0.2%

PINS opened at $35.04 on Monday. The firm has a market cap of $23.82 billion, a PE ratio of 12.56, a P/E/G ratio of 1.47 and a beta of 0.77. The business has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $33.08. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The company had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business’s revenue was up 16.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.