Crossmark Global Holdings Inc. Grows Position in Pinterest, Inc. $PINS

Crossmark Global Holdings Inc. grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 598.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,373 shares of the company’s stock after acquiring an additional 61,150 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Pinterest were worth $2,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Integrated Quantitative Investments LLC grew its position in Pinterest by 7.1% in the third quarter. Integrated Quantitative Investments LLC now owns 26,202 shares of the company’s stock worth $843,000 after acquiring an additional 1,731 shares in the last quarter. ARK Investment Management LLC lifted its stake in Pinterest by 21.0% during the third quarter. ARK Investment Management LLC now owns 4,770,939 shares of the company’s stock worth $153,481,000 after purchasing an additional 828,462 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Pinterest by 19.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,013,479 shares of the company’s stock worth $96,970,000 after purchasing an additional 486,606 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Pinterest by 32.4% in the 3rd quarter. Cresset Asset Management LLC now owns 16,373 shares of the company’s stock worth $527,000 after purchasing an additional 4,009 shares in the last quarter. Finally, Deepwater Asset Management LLC bought a new position in shares of Pinterest during the 3rd quarter valued at about $891,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PINS. Sanford C. Bernstein restated an “outperform” rating and issued a $20.00 target price on shares of Pinterest in a research report on Friday, February 13th. Evercore set a $25.00 price target on shares of Pinterest and gave the company an “in-line” rating in a research report on Friday, February 13th. The Goldman Sachs Group reissued a “buy” rating and set a $23.00 price target on shares of Pinterest in a research note on Friday, February 13th. BMO Capital Markets set a $28.00 price objective on shares of Pinterest and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinterest in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.87.

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the sale, the chief financial officer directly owned 540,358 shares in the company, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total value of $50,583.58. Following the transaction, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. This trade represents a 0.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 33,407 shares of company stock worth $855,925. Insiders own 7.11% of the company’s stock.

Pinterest Price Performance

PINS opened at $20.00 on Monday. The stock’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $27.84. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 1.32 and a beta of 0.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

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.