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

Alua Capital Management LP bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 650,000 shares of the company’s stock, valued at approximately $20,910,000. Pinterest accounts for about 1.4% of Alua Capital Management LP’s investment portfolio, making the stock its 21st largest position. Alua Capital Management LP owned 0.10% of Pinterest at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in Pinterest by 5.3% during the third quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company’s stock valued at $1,961,933,000 after buying an additional 3,044,674 shares during the period. Victory Capital Management Inc. raised its stake in Pinterest by 18.5% in the third quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock worth $685,899,000 after buying an additional 3,213,241 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Pinterest by 10.7% during the third quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock worth $634,767,000 after buying an additional 1,913,668 shares during the period. Franklin Resources Inc. lifted its holdings in Pinterest by 4.4% during the second quarter. Franklin Resources Inc. now owns 16,862,033 shares of the company’s stock worth $604,673,000 after buying an additional 718,105 shares during the period. Finally, State Street Corp boosted its position in Pinterest by 3.8% during the 2nd quarter. State Street Corp now owns 13,855,047 shares of the company’s stock valued at $496,842,000 after acquiring an additional 504,281 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PINS shares. Wolfe Research set a $33.00 price target on Pinterest and gave the company an “outperform” rating in a report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a research note on Monday, December 29th. Bank of America reaffirmed a “neutral” rating and set a $19.00 price objective (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. Benchmark cut their target price on Pinterest from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company reduced their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $25.87.

Insider Transactions at Pinterest

In other news, insider Malik Ducard sold 2,293 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the 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 completion of the transaction, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 34,457 shares of company stock valued at $876,925. 7.06% of the stock is currently owned by company insiders.

Pinterest Trading Up 0.6%

Shares of PINS stock opened at $18.20 on Friday. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The business’s fifty day simple moving average is $21.34 and its 200-day simple moving average is $27.31. The company has a market cap of $12.11 billion, a PE ratio of 29.84, a PEG ratio of 1.21 and a beta of 0.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current 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.