Mizuho Markets Cayman LP Purchases 159,680 Shares of Pinterest, Inc. $PINS

Mizuho Markets Cayman LP boosted its position in Pinterest, Inc. (NYSE:PINS) by 314.1% during the third quarter, Holdings Channel reports. The institutional investor owned 210,525 shares of the company’s stock after purchasing an additional 159,680 shares during the quarter. Pinterest comprises approximately 0.2% of Mizuho Markets Cayman LP’s portfolio, making the stock its 24th largest holding. Mizuho Markets Cayman LP’s holdings in Pinterest were worth $7,297,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI boosted its position in Pinterest by 5.9% during the 3rd quarter. National Bank of Canada FI now owns 15,382 shares of the company’s stock worth $495,000 after acquiring an additional 855 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Pinterest by 102.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 100,758 shares of the company’s stock valued at $3,241,000 after purchasing an additional 50,933 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Pinterest by 6.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 304,376 shares of the company’s stock valued at $9,800,000 after purchasing an additional 18,011 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Pinterest by 2.6% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 86,613 shares of the company’s stock worth $2,786,000 after purchasing an additional 2,214 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of Pinterest by 78.9% in the third quarter. Lido Advisors LLC now owns 13,422 shares of the company’s stock worth $432,000 after purchasing an additional 5,918 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 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 transaction of $590,151.06. Following the completion of the sale, the chief financial officer owned 540,358 shares in the company, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Malik Ducard sold 2,293 shares of Pinterest stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the sale, the insider directly owned 695,187 shares of the company’s stock, valued at $15,335,825.22. The trade was a 0.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 34,457 shares of company stock valued at $876,925. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Trading Up 0.5%

PINS stock opened at $18.26 on Tuesday. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The business’s 50 day simple moving average is $21.17 and its 200 day simple moving average is $27.12. The firm has a market capitalization of $12.15 billion, a PE ratio of 29.94, a PEG ratio of 1.21 and a beta of 0.93.

Pinterest (NYSE:PINS) last announced its quarterly 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 net margin of 9.87% and a return on equity of 7.95%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PINS shares. Argus downgraded shares of Pinterest from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Mizuho set a $35.00 price target on shares of Pinterest in a research report on Tuesday, February 3rd. Roth Mkm reduced their price objective on shares of Pinterest from $34.00 to $29.00 and set a “neutral” rating for the company in a research note on Friday, January 30th. KeyCorp decreased their price objective on Pinterest from $40.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 3rd. Finally, Oppenheimer lowered their target price on Pinterest from $36.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have assigned a Hold rating to the company. Based on data from MarketBeat, Pinterest has an average rating of “Hold” and a consensus price target of $25.87.

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.