Calamos Advisors LLC Increases Stock Holdings in Pinterest, Inc. $PINS

Calamos Advisors LLC grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,500 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Calamos Advisors LLC’s holdings in Pinterest were worth $6,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PINS. Amundi grew its holdings in shares of Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after purchasing an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Pinterest by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock worth $988,662,000 after acquiring an additional 6,460,143 shares in the last quarter. Swedbank AB increased its position in shares of Pinterest by 344.0% during the first quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock worth $181,024,000 after acquiring an additional 4,524,433 shares during the period. Pacer Advisors Inc. raised its stake in shares of Pinterest by 4,673.9% in the first quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company’s stock valued at $78,484,000 after acquiring an additional 2,478,708 shares in the last quarter. Finally, Congress Asset Management Co. purchased a new position in Pinterest in the second quarter valued at $82,516,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Stock Down 2.1%

Shares of PINS opened at $26.74 on Friday. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The stock has a 50 day moving average price of $32.80 and a 200 day moving average price of $33.83.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The company had revenue of $665.93 million for the quarter. On average, equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 74,047 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $26.89, for a total transaction of $1,991,123.83. Following the transaction, the insider owned 301,214 shares of the company’s stock, valued at approximately $8,099,644.46. This trade represents a 19.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director owned 30,600 shares in the company, valued at $1,071,000. This trade represents a 3.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 714,283 shares of company stock valued at $24,869,450 over the last quarter. 7.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PINS shares. Roth Capital cut their price target on Pinterest from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen lowered shares of Pinterest from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Oppenheimer reiterated an “outperform” rating on shares of Pinterest in a research note on Friday, August 8th. Guggenheim lowered their price target on shares of Pinterest from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Cantor Fitzgerald dropped their price objective on shares of Pinterest from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.55.

Pinterest Profile

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.