First Trust Advisors LP Acquires 209,681 Shares of Pinterest, Inc. $PINS

Key Points

• First Trust Advisors LP boosted its stake in Pinterest by 15.2%, buying 209,681 shares to hold 1,589,496 shares valued at about $51.13 million (≈0.23% of the company).
• Insiders have been net sellers recently — Malik Ducard sold 6,000 shares and CFO Donnelly sold 22,821 on Dec. 24, with insiders selling 34,457 shares worth $876,925 over the last 90 days; corporate insiders own 7.06% while institutions own 88.81%.
• Pins trade near $19.37 with a market cap of $12.88B, revenue up 14.3% year-over-year but a slight EPS miss last quarter, and analysts’ consensus is a "Hold" with an average price target of $25.87 after several lowered targets.

First Trust Advisors LP lifted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 15.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,589,496 shares of the company's stock after purchasing an additional 209,681 shares during the quarter. First Trust Advisors LP owned about 0.23% of Pinterest worth $51,134,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PINS. Snowden Capital Advisors LLC lifted its stake in Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company's stock valued at $253,000 after buying an additional 296 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Pinterest by 10.1% during the second quarter. Penserra Capital Management LLC now owns 3,259 shares of the company's stock worth $115,000 after acquiring an additional 300 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of Pinterest by 3.9% during the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company's stock worth $340,000 after acquiring an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Pinterest by 3.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company's stock worth $369,000 after acquiring an additional 359 shares during the period. Finally, Dynamic Wealth Strategies LLC lifted its position in Pinterest by 5.8% in the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company's stock valued at $237,000 after acquiring an additional 361 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Price Performance

Shares of NYSE:PINS opened at $19.37 on Thursday. The company's 50-day moving average price is $21.66 and its two-hundred day moving average price is $27.56. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The stock has a market capitalization of $12.88 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.29 and a beta of 0.93.

Pinterest (NYSE:PINS - Get Free Report) 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). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. Pinterest's revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. On average, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Pinterest news, insider Malik Ducard sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the transaction, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. This trade represents a 0.85% decrease in their ownership of the stock. The transaction 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 the business's stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 34,457 shares of company stock valued at $876,925. Corporate insiders own 7.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PINS shares. Cantor Fitzgerald set a $18.00 target price on shares of Pinterest in a research note on Friday, February 13th. Zacks Research upgraded Pinterest from a "strong sell" rating to a "hold" rating in a report on Friday, January 30th. Oppenheimer reduced their price objective on Pinterest from $36.00 to $24.00 and set an "outperform" rating for the company in a research report on Friday, February 13th. Robert W. Baird reissued a "neutral" rating and issued a $20.00 target price (down from $35.00) on shares of Pinterest in a research report on Friday, February 13th. Finally, Wells Fargo & Company dropped their target price on Pinterest from $35.00 to $27.00 and set an "overweight" rating on the stock in a research report on Friday, February 13th. 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, Pinterest presently has an average rating of "Hold" and an average price target of $25.87.

About Pinterest

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.

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