National Pension Service Boosts Holdings in Pinterest, Inc. $PINS

National Pension Service increased its holdings in Pinterest, Inc. (NYSE:PINS) by 39.2% during the fourth quarter, Holdings Channel reports. The firm owned 303,568 shares of the company’s stock after acquiring an additional 85,421 shares during the quarter. National Pension Service’s holdings in Pinterest were worth $7,859,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Snowden Capital Advisors LLC lifted its holdings in Pinterest by 4.4% in the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares in the last quarter. EP Wealth Advisors LLC lifted its holdings in Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after purchasing an additional 358 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in Pinterest by 0.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 464 shares in the last quarter. Simon Quick Advisors LLC lifted its holdings in Pinterest by 5.5% in the 4th quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after purchasing an additional 535 shares in the last quarter. Finally, Coyle Financial Counsel LLC lifted its holdings in Pinterest by 5.8% in the 3rd quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after purchasing an additional 551 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 27,450 shares of the company’s stock, valued at approximately $549,000. The trade was a 7.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 4,200 shares of company stock worth $84,000. Insiders own 8.09% of the company’s stock.

Pinterest Stock Performance

NYSE PINS opened at $21.45 on Tuesday. The company has a market cap of $12.02 billion, a P/E ratio of 44.69, a P/E/G ratio of 1.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The business’s 50 day moving average price is $19.45 and its 200-day moving average price is $21.89. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. Sell-side analysts predict that Pinterest, Inc. will post 0.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on PINS shares. Guggenheim lifted their price objective on Pinterest from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Wells Fargo & Company lifted their price objective on Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. UBS Group lifted their price objective on Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Benchmark reduced their price objective on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $27.40.

Pinterest Company 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.