Pinterest, Inc. $PINS Shares Acquired by Groupe la Francaise

Groupe la Francaise boosted its stake in Pinterest, Inc. (NYSE:PINS) by 16.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 481,586 shares of the company’s stock after purchasing an additional 69,562 shares during the period. Groupe la Francaise’s holdings in Pinterest were worth $8,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares during the period. Addison Advisors LLC grew its position in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares during the last quarter. Garner Asset Management Corp purchased a new position in Pinterest in the 4th quarter valued at $36,000. Finally, Summit Securities Group LLC acquired a new position in Pinterest in the 1st quarter valued at $43,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $22.54, for a total transaction of $1,056,562.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of Pinterest stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the sale, the insider owned 691,840 shares of the company’s stock, valued at approximately $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 370,720 shares of company stock valued at $7,892,627 in the last quarter. Company insiders own 8.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PINS shares. BMO Capital Markets restated an “outperform” rating and set a $30.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Stifel Nicolaus lifted their target price on shares of Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 price target on shares of Pinterest and gave the stock a “neutral” rating in a research note on Monday, April 27th. Citigroup increased their price target on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Finally, Benchmark reduced their price objective on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Seventeen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat.com, Pinterest has an average rating of “Hold” and an average target price of $27.69.

Pinterest Trading Up 0.2%

NYSE:PINS opened at $24.48 on Friday. The stock has a fifty day moving average price of $21.61 and a two-hundred day moving average price of $20.55. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 51.00, a PEG ratio of 1.39 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

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.