Cullen Frost Bankers Inc. Has $222,000 Stock Holdings in Pinterest, Inc. $PINS

Cullen Frost Bankers Inc. cut its position in shares of Pinterest, Inc. (NYSE:PINS) by 96.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,562 shares of the company’s stock after selling 247,125 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Pinterest were worth $222,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its position in Pinterest by 29.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 81,824 shares of the company’s stock worth $2,118,000 after buying an additional 18,387 shares in the last quarter. Covestor Ltd grew its position in Pinterest by 32.5% during the fourth quarter. Covestor Ltd now owns 4,936 shares of the company’s stock worth $128,000 after buying an additional 1,210 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Pinterest during the fourth quarter worth about $3,593,000. GSA Capital Partners LLP grew its position in Pinterest by 84.3% during the fourth quarter. GSA Capital Partners LLP now owns 34,031 shares of the company’s stock worth $881,000 after buying an additional 15,565 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Pinterest by 1,134.8% during the fourth quarter. Larson Financial Group LLC now owns 10,138 shares of the company’s stock worth $262,000 after buying an additional 9,317 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PINS shares. Mizuho lifted their target price on Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Stifel Nicolaus lifted their target price on Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group reissued a “buy” rating and set a $28.00 target price on shares of Pinterest in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price objective on Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Rosenblatt Securities lifted their price objective on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $27.40.

Pinterest Stock Up 2.1%

Shares of PINS opened at $19.25 on Friday. The company has a market capitalization of $10.78 billion, a P/E ratio of 40.10, a PEG ratio of 1.04 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The business’s 50 day simple moving average is $19.24 and its 200-day simple moving average is $22.29.

Pinterest (NYSE:PINS) last announced its earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 EPS. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was 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 of the company’s stock, valued at $549,000. The trade was a 7.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is owned by insiders.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Negative Sentiment: Several firms are actively soliciting Pinterest investors to join or lead a securities fraud class action, highlighting ongoing legal risk and potential distraction for management. Article Title
• Negative Sentiment: The lawsuits allege investor harm during the class period, which can weigh on sentiment by increasing uncertainty around potential damages, legal expenses, and reputational fallout. Article Title
• Neutral Sentiment: One article also notes broader market weakness tied to inflation and rising bond yields, which may have added to pressure on growth stocks like Pinterest. Article Title

Pinterest Company Profile

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.