Pinterest, Inc. $PINS Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 75.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 136,698 shares of the company’s stock after buying an additional 58,925 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Pinterest were worth $4,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PINS. Golden State Wealth Management LLC grew its stake in Pinterest by 282.7% during the 2nd 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 increased its stake 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 worth $27,000 after purchasing an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 883 shares in the last quarter. Wellington Shields Capital Management LLC acquired a new stake in shares of Pinterest in the 2nd quarter valued at $40,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Pinterest by 46.0% in the third 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. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Stock Up 9.3%

NYSE:PINS opened at $19.11 on Wednesday. The firm has a market capitalization of $12.71 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The firm has a 50-day moving average price of $22.43 and a 200 day moving average price of $28.17.

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

Analysts Set New Price Targets

PINS has been the topic of several recent research reports. BMO Capital Markets set a $28.00 target price on Pinterest and gave the company an “outperform” rating in a report on Friday, February 13th. Monness Crespi & Hardt downgraded Pinterest from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 5th. Zacks Research raised Pinterest from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Sanford C. Bernstein reiterated an “outperform” rating and set a $20.00 price target on shares of Pinterest in a report on Friday, February 13th. Finally, Evercore set a $25.00 price objective on shares of Pinterest and gave the stock an “in-line” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.87.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Elliott is investing $1.0 billion in Pinterest and the company said it will use proceeds for an accelerated share repurchase and near‑term buybacks — a direct capital return that reduces float and supports EPS. Pinterest Announces $1 Billion Strategic Investment from Elliott and $2 Billion of Near-Term Share Repurchases
• Positive Sentiment: Market reacted strongly: multiple outlets report a ~8–10% premarket/early trading jump after the deal and buyback announcement, reflecting investor approval of activist backing and buyback leverage. Pinterest stock jumps 10% on $1B Elliott investment, buyback plan
• Positive Sentiment: Coverage highlights Elliott’s activist posture and AI growth thesis; activist involvement can accelerate strategic changes (capital allocation, management pressure, product/AI focus) that investors often reward. Activist investor Elliot takes a $1B stake in Pinterest, betting on AI-driven growth
• Neutral Sentiment: Some reports differ on the total buyback sizing (near‑term $2.0B vs. other outlets citing a $3.5B program). Clarify the company filing/press release for exact authorization and timing before modeling impact. Pinterest shares jump 9.5% as Elliott invests $1bn and company launches $3.5bn buyback
• Negative Sentiment: Pomerantz LLP has opened an investor investigation into Pinterest, signaling potential shareholder litigation risk related to disclosures or the deal; such proceedings can be a drag on sentiment and add legal/settlement uncertainty. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pinterest, Inc. – PINS
• Negative Sentiment: Analyst action: Argus downgraded Pinterest from “buy” to “hold” recently, which may temper momentum from the Elliott news until guidance, buyback details, or execution clarity emerges. Argus downgrades Pinterest from buy to hold

Insider Activity at Pinterest

In related news, insider Malik Ducard sold 6,000 shares of the stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $155,160.00. Following the sale, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. This represents a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the sale, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. The trade was a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,407 shares of company stock worth $855,925 over the last three months. 7.11% 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.