Mitsubishi UFJ Trust & Banking Corp Buys 26,938 Shares of Pinterest, Inc. $PINS

Mitsubishi UFJ Trust & Banking Corp boosted its stake in Pinterest, Inc. (NYSE:PINS) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 513,492 shares of the company’s stock after acquiring an additional 26,938 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Pinterest were worth $16,519,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its stake 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 holdings in Pinterest by 505.7% during the third 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 period. Wellington Shields Capital Management LLC bought a new position in Pinterest during the second quarter valued at $40,000. Newbridge Financial Services Group Inc. purchased a new stake in Pinterest in the second quarter worth $45,000. Finally, Quent Capital LLC bought a new stake in shares of Pinterest in the third quarter valued at $55,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Trading Down 9.8%

Pinterest stock opened at $23.37 on Wednesday. Pinterest, Inc. has a 1-year low of $23.22 and a 1-year high of $40.90. The firm has a market capitalization of $15.79 billion, a PE ratio of 8.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. The firm’s 50 day simple moving average is $26.20 and its 200 day simple moving average is $31.45.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 earnings per share. Research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Pinterest news, insider Wanjiku Juanita Walcott sold 74,047 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $26.89, for a total value of $1,991,123.83. Following the transaction, the insider directly owned 301,214 shares in the company, valued at $8,099,644.46. This represents a 19.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the sale, the insider directly owned 699,773 shares in the company, valued at approximately $18,096,129.78. The trade was a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 105,161 shares of company stock worth $2,796,466 over the last ninety days. 7.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PINS. BMO Capital Markets cut their price target on Pinterest from $41.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. JPMorgan Chase & Co. cut their target price on shares of Pinterest from $44.00 to $36.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Rosenblatt Securities reiterated a “neutral” rating and issued a $30.00 target price (down previously from $49.00) on shares of Pinterest in a research note on Wednesday, November 5th. Piper Sandler reissued a “neutral” rating and issued a $33.00 price target (down previously from $35.00) on shares of Pinterest in a research report on Wednesday, November 5th. Finally, Barclays cut their price objective on shares of Pinterest from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $38.64.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pins the strategy as a long‑term growth bet — Pinterest says it is redirecting resources to AI‑focused roles and teams, which management frames as pursuing higher‑growth product and monetization opportunities. TechCrunch: Pinterest to lay off 15% of staff to redirect resources to AI
• Positive Sentiment: Cost structure tightening — the plan includes reducing office footprint and headcount, which should produce near‑term expense savings that could improve margins if revenue doesn’t weaken. Reuters: Pinterest cuts nearly 15% jobs to redirect resources to AI
• Neutral Sentiment: Scope and timing — filings indicate the reduction is “less than 15%” (about 700 roles reported by some outlets) and is expected to be completed by the end of the company’s Q3 (Sept. 30), giving investors a multiquarter timeline to judge impact. WSJ: Pinterest to Lay Off Up to 15% of Workforce
• Neutral Sentiment: Regulatory / disclosure details — the company disclosed the plan in an SEC filing; specifics on severance, restructuring charges and expected annual run‑rate savings will be material as they become available. PYMNTS: Pinterest to Cut Roughly 15% of Staff
• Negative Sentiment: Immediate market reaction was negative — shares plunged roughly 10% on the announcement and traded with volume well above average as investors reacted to the surprise and perceived execution risk. Zacks: Pinterest Stock Falls Amid Market Uptick
• Negative Sentiment: Investor concerns about signal and execution — layoffs can spook investors worried about demand or product momentum; the stock’s high multiple and recent earnings that missed estimates increase sensitivity to any sign of slowing growth. CNBC: Pinterest laying off 15% of workforce in push toward AI roles and teams

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.