Amova Asset Management Americas Inc. Sells 307,756 Shares of Pinterest, Inc. $PINS

Amova Asset Management Americas Inc. reduced its position in Pinterest, Inc. (NYSE:PINS) by 7.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,806,684 shares of the company’s stock after selling 307,756 shares during the period. Pinterest accounts for about 1.2% of Amova Asset Management Americas Inc.’s portfolio, making the stock its 21st largest position. Amova Asset Management Americas Inc.’s holdings in Pinterest were worth $122,385,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of PINS. Golden State Wealth Management LLC boosted its stake in Pinterest by 282.7% in the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after acquiring an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after purchasing an additional 419 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after buying an additional 1,325 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 1.4%

Pinterest stock opened at $19.37 on Thursday. The business’s 50-day moving average price is $22.30 and its 200 day moving average price is $28.11. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 1.35 and a beta of 0.93. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 EPS. Equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Elliott Investment Management is making a $1 billion strategic equity investment in Pinterest; Pinterest said it will use the proceeds for share repurchases, signaling activist support and a capital-return focus. Read More.
• Positive Sentiment: The stock sharply rallied on the announcement (reports of a ~9–10% pop), reflecting investor enthusiasm for Elliott’s involvement and the buyback-driven reduction in float. Read More.
• Neutral Sentiment: Company stated it will execute a $1.0B accelerated share repurchase (ASR) and flagged near-term repurchases; press coverage varies on total program size (press release cites ~$2B near-term while some outlets report a $3.5B program). Monitor official filings for precise amounts and timing. Read More.
• Neutral Sentiment: Rosenblatt Securities reaffirmed a “neutral” rating with a $20 price target (roughly a low-single-digit upside from current levels), which is in line with the cautious market view despite the Elliott deal. Read More.
• Negative Sentiment: Pomerantz LLP has opened an investor investigation into Pinterest, which could signal potential litigation risk and create headline volatility. Investors should watch for any filings that detail alleged claims. Read More.
• Negative Sentiment: Argus lowered its rating to “Hold,” adding downward analyst pressure despite the Elliott backing—another sign that some analysts remain cautious on the stock’s medium-term outlook. Read More.

Wall Street Analyst Weigh In

A number of research firms have commented on PINS. Evercore set a $25.00 price target on Pinterest and gave the company an “in-line” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $20.00 target price (down from $36.00) on shares of Pinterest in a research note on Friday, February 13th. Morgan Stanley upped their price target on shares of Pinterest from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Stifel Nicolaus decreased their price target on shares of Pinterest from $40.00 to $25.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, Bank of America reissued a “neutral” rating and set a $19.00 price objective (down from $39.00) on shares of Pinterest in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $25.87.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at $13,973,657.88. This represents a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Malik Ducard sold 2,293 shares of Pinterest stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the transaction, the insider owned 695,187 shares of the company’s stock, valued at approximately $15,335,825.22. This represents a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 33,407 shares of company stock worth $855,925. 7.06% of the stock is owned by company insiders.

Pinterest Company Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.