Groupe la Francaise Has $5.86 Million Stock Holdings in Pinterest, Inc. $PINS

Groupe la Francaise trimmed its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 42.2% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 278,460 shares of the company's stock after selling 203,126 shares during the quarter. Groupe la Francaise's holdings in Pinterest were worth $5,861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Pinterest in the 4th quarter valued at about $357,945,000. California State Teachers Retirement System increased its stake in Pinterest by 1,141.2% in the second quarter. California State Teachers Retirement System now owns 11,161,820 shares of the company's stock valued at $234,733,000 after acquiring an additional 10,262,547 shares during the last quarter. State Street Corp raised its position in Pinterest by 52.6% during the fourth quarter. State Street Corp now owns 21,492,169 shares of the company's stock valued at $556,432,000 after purchasing an additional 7,412,213 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company's stock worth $694,082,000 after purchasing an additional 6,258,628 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Pinterest by 271.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock valued at $109,831,000 after purchasing an additional 4,375,000 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wedbush reiterated a "neutral" rating and set a $24.00 price target on shares of Pinterest in a report on Wednesday, August 5th. TD Cowen reaffirmed a "buy" rating on shares of Pinterest in a research note on Monday, June 22nd. Morgan Stanley increased their price objective on Pinterest from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. BMO Capital Markets increased their target price on shares of Pinterest from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, Barclays raised their price target on shares of Pinterest from $27.00 to $31.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $27.90.

Pinterest Stock Performance

PINS stock opened at $20.45 on Tuesday. The firm has a market cap of $11.46 billion, a PE ratio of 60.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90. The company has a current ratio of 3.81, a quick ratio of 3.81 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $22.90 and a 200-day moving average price of $20.67. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $38.57.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Pinterest, Inc. will post 0.58 earnings per share for the current year.

Insider Activity at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 93,750 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total transaction of $2,009,062.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the sale, the chief financial officer directly owned 817,409 shares of the company's stock, valued at approximately $19,192,763.32. This trade represents a 6.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 555,344 shares of company stock worth $12,362,765. Insiders own 8.09% of the company's stock.

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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