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

WINTON GROUP Ltd lifted its holdings in Pinterest, Inc. (NYSE:PINS) by 71.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Snowden Capital Advisors LLC increased its position in shares of Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after acquiring an additional 296 shares during the last quarter. Penserra Capital Management LLC boosted its position in Pinterest by 10.1% in the second quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock worth $115,000 after purchasing an additional 300 shares during the last quarter. EP Wealth Advisors LLC grew its stake in Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. grew its stake in Pinterest by 3.6% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock valued at $369,000 after purchasing an additional 359 shares during the period. Finally, Dynamic Wealth Strategies LLC increased its position in shares of Pinterest by 5.8% during the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock valued at $237,000 after purchasing an additional 361 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Transactions at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the business’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 sale, the chief financial officer owned 540,358 shares of the company’s stock, valued at $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Malik Ducard sold 6,000 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 transaction of $155,160.00. Following the sale, the insider owned 699,773 shares in the company, valued at $18,096,129.78. The trade was a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,457 shares of company stock valued at $876,925 in the last quarter. Company insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on PINS. Piper Sandler reiterated a “neutral” rating and set a $21.00 target price (down from $33.00) on shares of Pinterest in a research note on Friday, February 13th. TD Cowen reduced their price target on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Loop Capital downgraded shares of Pinterest from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $45.00 to $18.00 in a report on Friday, February 13th. Bank of America reaffirmed a “neutral” rating and issued a $19.00 price objective (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. Finally, Argus cut shares of Pinterest from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.87.

Pinterest Price Performance

Shares of NYSE PINS opened at $19.68 on Tuesday. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The business’s fifty day moving average price is $21.92 and its 200-day moving average price is $27.73. The stock has a market capitalization of $13.09 billion, a PE ratio of 32.26, a P/E/G ratio of 1.32 and a beta of 0.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings data 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 firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.