Pinterest, Inc. $PINS Stake Cut by Tredje AP fonden

Tredje AP fonden decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,315,643 shares of the company’s stock after selling 800,294 shares during the period. Tredje AP fonden’s holdings in Pinterest were worth $34,062,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Larson Financial Group LLC raised its holdings in shares of Pinterest by 1,134.8% during the fourth quarter. Larson Financial Group LLC now owns 10,138 shares of the company’s stock worth $262,000 after purchasing an additional 9,317 shares during the period. Handelsbanken Fonder AB grew its position in shares of Pinterest by 22.5% during the 4th quarter. Handelsbanken Fonder AB now owns 196,343 shares of the company’s stock valued at $5,083,000 after buying an additional 36,064 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Pinterest during the fourth quarter worth about $678,000. Cascade Financial Partners LLC acquired a new stake in Pinterest during the fourth quarter worth about $207,000. Finally, North Dakota State Investment Board bought a new position in Pinterest in the fourth quarter worth about $539,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on PINS. Barclays upped their target price on Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $28.00 price target on shares of Pinterest in a report on Tuesday, May 5th. Benchmark reduced their price objective on Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Mizuho upped their price objective on Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, TD Cowen increased their target price on Pinterest from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $27.40.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director owned 27,450 shares in the company, valued at approximately $549,000. The trade was a 7.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.09% of the company’s stock.

Pinterest Price Performance

Shares of NYSE:PINS opened at $19.92 on Tuesday. The firm’s 50 day moving average is $19.29 and its two-hundred day moving average is $22.61. The firm has a market capitalization of $11.16 billion, a P/E ratio of 41.50, a PEG ratio of 1.05 and a beta of 0.93. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. Analysts anticipate that Pinterest, Inc. will post 0.68 earnings per share 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.