XTX Topco Ltd Has $430,000 Holdings in Pinterest, Inc. (NYSE:PINS)

Key Points

• XTX Topco Ltd reduced its stake in Pinterest by 58.7%, now holding 13,864 shares worth approximately $430,000.
• In the most recent quarter, Pinterest reported earnings of $0.33 per share, slightly missing expectations, with revenues at $998.23 million, a 16.9% increase year-over-year.
• Analysts have generally favorable views on Pinterest, with twenty-five analysts rating it a buy and a target price averaging around $42.40.

XTX Topco Ltd lessened its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 58.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,864 shares of the company's stock after selling 19,689 shares during the quarter. XTX Topco Ltd's holdings in Pinterest were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its holdings in Pinterest by 104.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after buying an additional 12,986,310 shares during the period. Marshall Wace LLP grew its holdings in Pinterest by 134.1% in the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock valued at $310,352,000 after buying an additional 6,129,985 shares during the period. Ameriprise Financial Inc. grew its holdings in Pinterest by 49.7% in the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock valued at $395,441,000 after buying an additional 4,527,902 shares during the period. Contour Asset Management LLC acquired a new position in shares of Pinterest in the 4th quarter valued at about $86,330,000. Finally, Shapiro Capital Management LLC acquired a new position in shares of Pinterest in the 4th quarter valued at about $84,190,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Stock Up 1.7%

NYSE PINS traded up $0.57 during trading hours on Tuesday, hitting $34.76. The company had a trading volume of 11,220,926 shares, compared to its average volume of 11,950,778. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The firm has a market cap of $23.58 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.76 and a beta of 0.78. The business has a fifty day simple moving average of $36.06 and a 200-day simple moving average of $33.14.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a return on equity of 8.44% and a net margin of 49.31%. The business had revenue of $998.23 million during the quarter, compared to the consensus estimate of $973.42 million. During the same period in the previous year, the company posted $0.29 EPS. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. Equities analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In related news, Director Benjamin Silbermann sold 408,332 shares of Pinterest stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the transaction, the director directly owned 6,274 shares of the company's stock, valued at $208,045.84. The trade was a 98.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,502,611 shares of company stock valued at $51,602,943 over the last ninety days. Corporate insiders own 7.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus set a $47.00 price objective on Pinterest and gave the company a "buy" rating in a research note on Friday. Citigroup reissued a "buy" rating and set a $50.00 price target (up from $44.00) on shares of Pinterest in a research report on Friday. Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a research report on Thursday, May 15th. TD Cowen boosted their price target on Pinterest from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Finally, Morgan Stanley raised Pinterest from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $37.00 to $45.00 in a research report on Monday, July 21st. Five analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $42.40.

About Pinterest

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.