Groupe la Francaise Sells 203,126 Shares of Pinterest, Inc. $PINS

Groupe la Francaise lowered its holdings in Pinterest, Inc. (NYSE:PINS) by 42.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Snowden Capital Advisors LLC boosted its position in Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock valued at $253,000 after buying an additional 296 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after acquiring an additional 358 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Pinterest by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock valued at $684,000 after acquiring an additional 560 shares during the last quarter. Coyle Financial Counsel LLC boosted its holdings in Pinterest by 5.9% during the 4th quarter. Coyle Financial Counsel LLC now owns 10,589 shares of the company’s stock valued at $274,000 after acquiring an additional 587 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after acquiring an additional 607 shares during the period. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PINS shares. Barclays lifted their price target on Pinterest from $27.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. BMO Capital Markets upped their price target on shares of Pinterest from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Evercore raised their price target on shares of Pinterest from $27.00 to $29.00 and gave the stock an “in-line” rating in a report on Wednesday, August 5th. Jefferies Financial Group raised Pinterest from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Finally, Guggenheim increased their price objective on Pinterest from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.90.

Pinterest Trading Up 0.2%

Shares of PINS opened at $20.45 on Tuesday. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $38.57. 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’s 50-day moving average price is $22.90 and its 200-day moving average price is $20.67. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 60.15, a PEG ratio of 1.34 and a beta of 0.90.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a net margin of 5.46% and a return on equity of 7.49%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. Pinterest’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current year.

Insider Activity at Pinterest

In related news, CFO Julia Donnelly sold 59,096 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $23.48, for a total value of $1,387,574.08. Following the sale, the chief financial officer directly owned 817,409 shares of the company’s stock, valued at $19,192,763.32. This represents a 6.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 93,750 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $21.43, for a total value of $2,009,062.50. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 555,344 shares of company stock valued at $12,362,765 in the last three months. Corporate insiders own 8.09% of the company’s stock.

Pinterest 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.