Winnow Wealth LLC Takes Position in Pinterest, Inc. $PINS

Winnow Wealth LLC acquired a new position in Pinterest, Inc. (NYSE:PINSFree Report) during the 3rd quarter, HoldingsChannel reports. The fund acquired 24,703 shares of the company’s stock, valued at approximately $815,000.

Several other large investors have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its position in shares of Pinterest by 15.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,179 shares of the company’s stock valued at $26,600,000 after buying an additional 110,089 shares during the last quarter. Renaissance Group LLC lifted its stake in shares of Pinterest by 4.5% in the second quarter. Renaissance Group LLC now owns 1,019,178 shares of the company’s stock worth $36,548,000 after acquiring an additional 43,541 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of Pinterest by 243.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 69,446 shares of the company’s stock worth $2,490,000 after acquiring an additional 49,204 shares during the period. SG Americas Securities LLC boosted its holdings in Pinterest by 302.0% in the third quarter. SG Americas Securities LLC now owns 133,193 shares of the company’s stock valued at $4,285,000 after acquiring an additional 100,063 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its position in Pinterest by 101.4% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 206,903 shares of the company’s stock valued at $6,652,000 after purchasing an additional 104,192 shares during the period. 88.81% of the stock is owned by institutional investors.

Insider Activity at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 74,047 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the completion of the sale, the insider owned 301,214 shares in the company, valued at approximately $8,099,644.46. The trade was a 19.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $26.18, for a total transaction of $60,030.74. Following the completion of the transaction, the insider directly owned 697,480 shares in the company, valued at $18,260,026.40. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 105,161 shares of company stock valued at $2,796,466. 7.06% of the stock is owned by company insiders.

Pinterest Price Performance

Shares of PINS opened at $22.11 on Friday. Pinterest, Inc. has a one year low of $21.83 and a one year high of $40.90. The company has a market cap of $14.94 billion, a PE ratio of 7.68, a P/E/G ratio of 1.06 and a beta of 0.91. The stock has a 50-day moving average of $26.03 and a 200-day moving average of $31.23.

Pinterest (NYSE:PINSGet Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.04). Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. Analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a research report on Monday, December 29th. Royal Bank Of Canada dropped their target price on shares of Pinterest from $45.00 to $38.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Sanford C. Bernstein decreased their price target on Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. BMO Capital Markets lowered their price objective on Pinterest from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Finally, Guggenheim dropped their price objective on Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Read Our Latest Analysis on PINS

Pinterest Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINSFree Report).

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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