Korea Investment CORP Trims Stake in Pinterest, Inc. $PINS

Korea Investment CORP trimmed its position in Pinterest, Inc. (NYSE:PINS) by 15.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 830,766 shares of the company’s stock after selling 147,701 shares during the quarter. Korea Investment CORP’s holdings in Pinterest were worth $25,754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PINS. Price T Rowe Associates Inc. MD raised its holdings in shares of Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock valued at $737,533,000 after acquiring an additional 12,986,310 shares in the last quarter. Ameriprise Financial Inc. increased its position in Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock valued at $395,441,000 after purchasing an additional 4,527,902 shares during the period. Contour Asset Management LLC bought a new stake in shares of Pinterest in the 4th quarter valued at about $86,330,000. Shapiro Capital Management LLC bought a new stake in shares of Pinterest in the 4th quarter valued at about $84,190,000. Finally, Pacer Advisors Inc. lifted its position in shares of Pinterest by 4,673.9% in the 1st quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company’s stock worth $78,484,000 after purchasing an additional 2,478,708 shares during the period. Institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PINS shares. Sanford C. Bernstein lifted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Benchmark increased their target price on Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, July 24th. Oppenheimer reiterated an “outperform” rating on shares of Pinterest in a report on Friday, August 8th. Barclays upped their price objective on Pinterest from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, August 8th. Finally, Bank of America raised their price objective on Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

Insider Buying and Selling

In related news, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $38.58, for a total value of $771,600.00. Following the completion of the transaction, the chief technology officer directly owned 428,823 shares of the company’s stock, valued at $16,543,991.34. This trade represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $36.88, for a total transaction of $42,412.00. Following the completion of the sale, the director owned 31,750 shares of the company’s stock, valued at $1,170,940. This trade represents a 3.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 991,046 shares of company stock valued at $34,745,961 in the last 90 days. 7.11% of the stock is owned by insiders.

Pinterest Trading Down 2.4%

NYSE PINS opened at $35.2230 on Wednesday. The firm’s fifty day simple moving average is $36.25 and its two-hundred day simple moving average is $33.25. The firm has a market capitalization of $23.95 billion, a P/E ratio of 12.62, a P/E/G ratio of 1.78 and a beta of 0.78. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90.

Pinterest (NYSE:PINS) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $973.42 million. During the same period in the previous year, the business earned $0.29 EPS. The firm’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, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share 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.