ARK Investment Management LLC Has $153.48 Million Stock Holdings in Pinterest, Inc. $PINS

ARK Investment Management LLC increased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 21.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,770,939 shares of the company’s stock after acquiring an additional 828,462 shares during the period. Pinterest comprises approximately 0.9% of ARK Investment Management LLC’s investment portfolio, making the stock its 29th largest holding. ARK Investment Management LLC owned 0.70% of Pinterest worth $153,481,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PINS. Golden State Wealth Management LLC increased its position in shares of Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after purchasing an additional 506 shares during the last quarter. N.E.W. Advisory Services LLC grew its stake in shares of Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after buying an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp lifted its stake in Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 883 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Pinterest during the 2nd quarter worth about $45,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake 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 valued at $42,000 after buying an additional 419 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PINS has been the subject of several research analyst reports. Cantor Fitzgerald set a $18.00 target price on Pinterest in a research note on Friday, February 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $20.00 price objective (down from $35.00) on shares of Pinterest in a research report on Friday, February 13th. Wells Fargo & Company dropped their price objective on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Wedbush cut their target price on shares of Pinterest from $30.00 to $16.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Finally, Mizuho set a $35.00 price target on shares of Pinterest in a report on Tuesday, February 3rd. 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.87.

Pinterest Price Performance

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

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

Pinterest News Roundup

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.

Insider Transactions at Pinterest

In other Pinterest news, insider Malik Ducard sold 2,293 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the sale, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the transaction, the chief financial officer owned 540,358 shares in the company, valued at approximately $13,973,657.88. The trade was a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 33,407 shares of company stock worth $855,925 over the last quarter. Corporate insiders own 7.06% of the company’s stock.

About Pinterest

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.