M&T Bank Corp boosted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 501.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,740 shares of the company's stock after purchasing an additional 71,477 shares during the quarter. M&T Bank Corp's holdings in Pinterest were worth $2,220,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of PINS. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter worth $26,000. N.E.W. Advisory Services LLC lifted its position in shares of Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company's stock worth $27,000 after purchasing an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company's stock worth $29,000 after purchasing an additional 883 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Pinterest by 46.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company's stock worth $42,000 after purchasing an additional 419 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company's stock worth $44,000 after purchasing an additional 1,325 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.
Insiders Place Their Bets
In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director directly owned 27,450 shares in the company, valued at approximately $549,000. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Malik Ducard sold 2,293 shares of Pinterest 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 transaction, the insider owned 695,187 shares in the company, valued at approximately $15,335,825.22. This represents a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 5,443 shares of company stock worth $113,584. 8.09% of the stock is currently owned by company insiders.
Pinterest Stock Performance
NYSE PINS opened at $19.90 on Wednesday. The firm has a market cap of $13.24 billion, a PE ratio of 32.63, a P/E/G ratio of 1.37 and a beta of 0.88. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The firm's fifty day moving average is $18.65 and its two-hundred day moving average is $23.70.
Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Research analysts predict that Pinterest, Inc. will post 0.64 earnings per share for the current year.
Trending Headlines about Pinterest
Here are the key news stories impacting Pinterest this week:
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and set a $23.00 price objective on shares of Pinterest in a research report on Friday, February 13th. Citigroup cut shares of Pinterest from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $38.00 to $19.00 in a research report on Friday, February 13th. Weiss Ratings cut shares of Pinterest from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, April 2nd. Argus cut shares of Pinterest from a "buy" rating to a "hold" rating in a research report on Monday, March 2nd. Finally, UBS Group lifted their price objective on shares of Pinterest from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.43.
Get Our Latest Stock Report on Pinterest
About Pinterest
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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.
Further Reading

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