Mizuho Markets Cayman LP Has $7.30 Million Stake in Pinterest, Inc. $PINS

Mizuho Markets Cayman LP increased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 314.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,525 shares of the company’s stock after acquiring an additional 159,680 shares during the period. Pinterest comprises approximately 0.2% of Mizuho Markets Cayman LP’s holdings, making the stock its 24th largest holding. Mizuho Markets Cayman LP’s holdings in Pinterest were worth $7,297,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in Pinterest by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company’s stock worth $33,333,000 after purchasing an additional 241,527 shares during the last quarter. Peak Retirement Planning Inc. bought a new stake in Pinterest in the third quarter valued at about $1,850,000. Allspring Global Investments Holdings LLC increased its holdings in Pinterest by 15.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 835,179 shares of the company’s stock valued at $26,600,000 after purchasing an additional 110,089 shares during the last quarter. Renaissance Group LLC lifted its stake in Pinterest by 4.5% in the second quarter. Renaissance Group LLC now owns 1,019,178 shares of the company’s stock valued at $36,548,000 after buying an additional 43,541 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in Pinterest by 50,133.2% in the third quarter. Cullen Frost Bankers Inc. now owns 255,687 shares of the company’s stock valued at $8,225,000 after buying an additional 255,178 shares during the period. 88.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PINS shares. Stifel Nicolaus decreased their target price on Pinterest from $40.00 to $25.00 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 cut their price target for the company from $45.00 to $18.00 in a research report on Friday, February 13th. Guggenheim reduced their price objective on shares of Pinterest from $38.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Argus cut shares of Pinterest from a “buy” rating to a “hold” rating in a report on Monday, March 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. 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 company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.87.

Insider Buying and Selling at Pinterest

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction 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 sale, the chief financial officer directly owned 540,358 shares in the company, valued at $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the sale, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. This represents a 0.33% 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 three months. 7.11% of the stock is owned by insiders.

Pinterest Stock Performance

Shares of PINS opened at $18.26 on Tuesday. The stock has a 50 day simple moving average of $21.17 and a 200 day simple moving average of $27.12. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. The firm has a market capitalization of $12.15 billion, a PE ratio of 29.94, a P/E/G ratio of 1.21 and a beta of 0.93.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 12th. The company reported $0.67 EPS 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 company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $0.56 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.