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M&T Bank Corp Raises Holdings in Pinterest, Inc. $PINS
M&T Bank Corp significantly increased its stake in Pinterest, Inc. (NYSE:PINS) by 501.1% in the fourth quarter, accumulating 85,740 shares valued at approximately $2.22 million. This move comes as Pinterest faces mixed analyst sentiment, with an average “Hold” rating and a target price of $25.43, amidst concerns over ad monetization and ongoing securities class-action lawsuits. Insider transactions also saw directors and insiders selling a notable number of shares in recent months.