WINTON GROUP Ltd Acquires 70,903 Shares of Pinterest, Inc. $PINS

WINTON GROUP Ltd grew its stake in shares of Pinterest, Inc. (NYSE:PINS) by 71.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 170,166 shares of the company’s stock after buying an additional 70,903 shares during the period. WINTON GROUP Ltd’s holdings in Pinterest were worth $5,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its position in shares of 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 purchasing an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in 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 in the last quarter. Atlantic Union Bankshares Corp boosted its stake in 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 during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in 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 during the period. Finally, Fifth Third Bancorp grew its holdings in Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after buying an additional 1,325 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Stock Performance

PINS stock opened at $19.68 on Tuesday. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The firm’s fifty day moving average is $21.92 and its 200 day moving average is $27.73. The firm has a market cap of $13.09 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.32 and a beta of 0.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share 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 business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PINS. Royal Bank Of Canada cut Pinterest from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $38.00 to $17.00 in a research report on Friday, February 13th. Zacks Research upgraded shares of Pinterest from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Wedbush reduced their price objective 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. Morgan Stanley upped their target price on shares of Pinterest from $32.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. Finally, Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.87.

Insider Transactions at Pinterest

In related news, insider Malik Ducard sold 6,000 shares of the firm’s 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 transaction, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. This trade represents a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s 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 $590,151.06. Following the completion of the transaction, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. This represents a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,457 shares of company stock worth $876,925 over the last ninety days. Insiders own 7.11% of the company’s stock.

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.