Alua Capital Management LP Makes New $20.91 Million Investment in Pinterest, Inc. $PINS

Alua Capital Management LP acquired a new position in shares of Pinterest, Inc. (NYSE:PINS) in the 3rd quarter, Holdings Channel reports. The fund acquired 650,000 shares of the company’s stock, valued at approximately $20,910,000. Pinterest makes up 1.4% of Alua Capital Management LP’s investment portfolio, making the stock its 21st biggest position.

A number of other large investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in shares of Pinterest by 10.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock valued at $634,767,000 after acquiring an additional 1,913,668 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in Pinterest by 210.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 418,737 shares of the company’s stock worth $13,471,000 after acquiring an additional 283,940 shares during the last quarter. Creative Planning lifted its position in Pinterest by 162.7% during the 3rd quarter. Creative Planning now owns 222,938 shares of the company’s stock worth $7,172,000 after acquiring an additional 138,063 shares during the period. Lazard Asset Management LLC lifted its position in Pinterest by 30.2% during the 3rd quarter. Lazard Asset Management LLC now owns 646,985 shares of the company’s stock worth $20,814,000 after acquiring an additional 149,973 shares during the period. Finally, AQR Capital Management LLC grew its stake in Pinterest by 26.7% during the 3rd quarter. AQR Capital Management LLC now owns 6,216,779 shares of the company’s stock valued at $199,994,000 after purchasing an additional 1,308,816 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Roth Mkm cut their price objective on Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Friday, January 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $20.00 target price on shares of Pinterest in a report on Friday, February 13th. KeyCorp dropped their target price on Pinterest from $40.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 3rd. BMO Capital Markets set a $28.00 price target on shares of Pinterest and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Wolfe Research set a $33.00 price target on shares of Pinterest and gave the stock an “outperform” rating in a research report 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.87.

Pinterest Stock Up 0.6%

Shares of PINS stock opened at $18.20 on Friday. The stock has a market cap of $12.11 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.21 and a beta of 0.93. The business has a 50-day simple moving average of $21.34 and a 200-day simple moving average of $27.31. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The company had revenue of $1.32 billion during 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 firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Malik Ducard sold 6,000 shares of the firm’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 transaction of $155,160.00. Following the sale, the insider owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This trade represents a 0.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Donnelly Julia Brau sold 22,821 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 transaction of $590,151.06. Following the transaction, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,457 shares of company stock valued at $876,925 over the last three months. 7.06% of the stock is currently owned by corporate insiders.

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.