Pinterest, Inc. $PINS Shares Bought by Rare Wolf Capital LLC

Key Points

• Rare Wolf Capital increased its Pinterest stake by 136.4% in the third quarter, acquiring 55,622 additional shares for a total holding of 96,388 shares valued at approximately $1.82 million.
• Institutional ownership remains high at 88.81%, with several major investors—including Amundi, Lazard Asset Management and HSBC—also increasing their positions.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $27.90, while Pinterest recently exceeded earnings and revenue expectations, reporting $0.43 in quarterly EPS and $1.18 billion in revenue.

Rare Wolf Capital LLC boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 136.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,388 shares of the company's stock after buying an additional 55,622 shares during the quarter. Pinterest makes up approximately 1.1% of Rare Wolf Capital LLC's investment portfolio, making the stock its 26th biggest holding. Rare Wolf Capital LLC's holdings in Pinterest were worth $1,821,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Amundi raised its position in shares of Pinterest by 38.3% in the 1st quarter. Amundi now owns 3,200,829 shares of the company's stock worth $58,703,000 after acquiring an additional 885,927 shares in the last quarter. Insight Wealth Strategies LLC purchased a new stake in shares of Pinterest during the 3rd quarter worth $4,901,000. Lazard Asset Management LLC lifted its stake in shares of Pinterest by 53.4% during the 1st quarter. Lazard Asset Management LLC now owns 1,421,187 shares of the company's stock worth $26,065,000 after purchasing an additional 494,571 shares during the last quarter. First Trust Advisors LP boosted its position in Pinterest by 12.2% during the first quarter. First Trust Advisors LP now owns 1,970,857 shares of the company's stock valued at $36,145,000 after purchasing an additional 213,677 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Pinterest by 40.6% during the fourth quarter. Hsbc Holdings PLC now owns 834,914 shares of the company's stock valued at $21,596,000 after purchasing an additional 241,154 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the topic of several analyst reports. Robert W. Baird lifted their target price on Pinterest from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, August 5th. Citigroup increased their price target on shares of Pinterest from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. Jefferies Financial Group upgraded shares of Pinterest from a "hold" rating to a "buy" rating in a report on Monday, August 31st. Barclays raised their price target on shares of Pinterest from $27.00 to $31.00 and gave the company an "equal weight" rating in a report on Wednesday, August 5th. Finally, Mizuho lifted their price objective on shares of Pinterest from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.90.

Insiders Place Their Bets

In other news, insider Claude Leonard Brown sold 12,240 shares of the business's stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $20.00, for a total transaction of $244,800.00. Following the sale, the insider owned 1,130,768 shares in the company, valued at approximately $22,615,360. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Julia Donnelly sold 29,548 shares of the company's stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $18.61, for a total transaction of $549,888.28. Following the transaction, the chief financial officer owned 751,921 shares in the company, valued at approximately $13,993,249.81. This trade represents a 3.78% 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. Insiders sold a total of 644,952 shares of company stock worth $13,652,019 in the last three months. Insiders own 8.09% of the company's stock.

Pinterest Stock Performance

Shares of PINS opened at $22.97 on Wednesday. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $35.42. The stock has a fifty day moving average price of $20.90 and a 200-day moving average price of $21.02. 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 firm has a market cap of $12.86 billion, a PE ratio of 67.55, a P/E/G ratio of 1.46 and a beta of 0.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping 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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the business earned $0.33 EPS. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts predict that Pinterest, Inc. will post 0.58 earnings per share for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc NYSE: PINS operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.

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