Ballentine Partners LLC Decreases Position in Pinterest, Inc. $PINS

Ballentine Partners LLC decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 4.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,065 shares of the company’s stock after selling 518 shares during the quarter. Ballentine Partners LLC’s holdings in Pinterest were worth $433,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the fourth quarter worth approximately $252,000. Two Sigma Investments LP lifted its stake in Pinterest by 25.8% during the fourth quarter. Two Sigma Investments LP now owns 58,871 shares of the company’s stock worth $1,707,000 after purchasing an additional 12,058 shares during the last quarter. Toronto Dominion Bank lifted its stake in Pinterest by 4.4% during the fourth quarter. Toronto Dominion Bank now owns 81,252 shares of the company’s stock worth $2,356,000 after purchasing an additional 3,410 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Pinterest during the fourth quarter worth approximately $6,747,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Pinterest by 134.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 92,649 shares of the company’s stock valued at $2,687,000 after purchasing an additional 53,081 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $34.96, for a total value of $3,568,821.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,069,710 shares of company stock valued at $38,480,848. Company insiders own 7.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PINS shares. Barclays upped their target price on Pinterest from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, August 8th. Susquehanna reissued a “positive” rating and issued a $42.00 target price on shares of Pinterest in a research report on Friday, August 8th. KeyCorp upped their target price on Pinterest from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. raised Pinterest from a “neutral” rating to an “overweight” rating and upped their target price for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Finally, Wedbush upped their target price on Pinterest from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.38.

Pinterest Trading Up 0.4%

Shares of PINS stock opened at $33.59 on Friday. The company has a market cap of $22.84 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.77. The stock has a 50 day simple moving average of $36.51 and a 200-day simple moving average of $33.14. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90.

Pinterest (NYSE:PINS) last issued its earnings results 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 analysts’ expectations of $973.42 million. Pinterest had a return on equity of 8.44% and a net margin of 49.31%.The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period last year, the company posted $0.29 earnings per share. Pinterest has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Pinterest Company 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.