Maxi Investments CY Ltd Invests $5.50 Million in Pinterest, Inc. $PINS

Maxi Investments CY Ltd bought a new stake in Pinterest, Inc. (NYSE:PINS) during the third quarter, Holdings Channel reports. The institutional investor bought 171,000 shares of the company’s stock, valued at approximately $5,501,000. Pinterest accounts for approximately 0.5% of Maxi Investments CY Ltd’s investment portfolio, making the stock its 22nd largest holding.

Other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC raised its position in Pinterest by 505.7% in the 3rd 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 during the last quarter. Atlantic Union Bankshares Corp lifted its stake in 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 acquiring an additional 883 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Pinterest during the 2nd quarter worth $45,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 acquiring an additional 419 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Pinterest by 2,409.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after acquiring an additional 1,325 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the topic of a number of recent analyst reports. TD Cowen dropped their price target on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. BMO Capital Markets set a $28.00 price objective on shares of Pinterest and gave the stock an “outperform” rating in a research report on Friday, February 13th. Barclays decreased their price objective on shares of Pinterest from $36.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, February 13th. Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a research report on Friday, February 13th. Finally, Wolfe Research set a $33.00 target price on Pinterest and gave the stock an “outperform” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average target price of $25.87.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $18.26 on Tuesday. The company has a market capitalization of $12.15 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The company’s 50-day moving average is $21.17 and its 200 day moving average is $27.12. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93.

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

Insider Buying and Selling

In related news, insider Malik Ducard sold 6,000 shares of Pinterest stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the sale, the insider owned 699,773 shares of the company’s stock, valued at approximately $18,096,129.78. The trade was a 0.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction that occurred 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 a total of 34,457 shares of company stock valued at $876,925 over the last three months. Insiders own 7.11% of the company’s stock.

Pinterest 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.