OVERSEA CHINESE BANKING Corp Ltd Has $750,000 Stock Position in Pinterest, Inc. (NYSE:PINS)

OVERSEA CHINESE BANKING Corp Ltd grew its stake in Pinterest, Inc. (NYSE:PINSFree Report) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,239 shares of the company’s stock after purchasing an additional 1,970 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Pinterest were worth $750,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PINS. Cohanzick Management LLC acquired a new stake in Pinterest during the 1st quarter worth $25,000. Rakuten Securities Inc. acquired a new stake in Pinterest during the 4th quarter worth $30,000. Washington Trust Advisors Inc. raised its stake in Pinterest by 46.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after buying an additional 326 shares during the period. Clear Street Markets LLC acquired a new stake in Pinterest during the 3rd quarter worth $41,000. Finally, Blue Trust Inc. raised its stake in Pinterest by 87.7% during the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock worth $44,000 after buying an additional 557 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Price Performance

PINS opened at $32.40 on Monday. The business has a fifty day simple moving average of $34.79 and a 200 day simple moving average of $34.08. The company has a market capitalization of $22.00 billion, a PE ratio of -539.91, a price-to-earnings-growth ratio of 4.44 and a beta of 0.99. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60.

Pinterest (NYSE:PINSGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. Equities analysts anticipate that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In other news, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total transaction of $866,310.90. Following the completion of the sale, the insider now directly owns 500,504 shares in the company, valued at approximately $17,762,886.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total transaction of $866,310.90. Following the completion of the sale, the insider now directly owns 500,504 shares in the company, valued at approximately $17,762,886.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey D. Jordan sold 20,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $37.59, for a total value of $751,800.00. Following the sale, the director now owns 74,215 shares of the company’s stock, valued at $2,789,741.85. The disclosure for this sale can be found here. Insiders sold 184,471 shares of company stock worth $6,525,231 in the last ninety days. 6.85% of the stock is owned by company insiders.

Analyst Ratings Changes

PINS has been the topic of several research analyst reports. Wedbush raised their price objective on Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. KeyCorp increased their target price on Pinterest from $37.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Roth Mkm increased their target price on Pinterest from $37.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. BMO Capital Markets started coverage on Pinterest in a report on Tuesday, January 9th. They set an “outperform” rating and a $45.00 target price for the company. Finally, Royal Bank of Canada increased their target price on Pinterest from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.97.

Read Our Latest Stock Report on Pinterest

Pinterest Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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