Pinterest, Inc. $PINS Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its position in shares of Pinterest, Inc. (NYSE:PINS) by 302.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 133,193 shares of the company’s stock after purchasing an additional 100,063 shares during the quarter. SG Americas Securities LLC’s holdings in Pinterest were worth $4,285,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Pinterest by 282.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after acquiring an additional 506 shares during the last quarter. West Branch Capital LLC acquired a new position in Pinterest in the second quarter worth $36,000. Wellington Shields Capital Management LLC bought a new stake in Pinterest during the second quarter valued at $40,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Pinterest during the second quarter worth $45,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Pinterest by 138.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,586 shares of the company’s stock worth $57,000 after buying an additional 922 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This represents a 4.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $155,160.00. Following the transaction, the insider owned 699,773 shares in the company, valued at $18,096,129.78. This represents a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 105,161 shares of company stock worth $2,796,466 in the last 90 days. Corporate insiders own 7.06% of the company’s stock.

Pinterest Price Performance

PINS opened at $27.16 on Monday. The stock’s 50 day moving average price is $26.61 and its 200 day moving average price is $32.27. The stock has a market cap of $18.34 billion, a P/E ratio of 9.43, a P/E/G ratio of 1.24 and a beta of 0.91. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90.

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

Analyst Ratings Changes

Several research firms recently weighed in on PINS. Roth Capital dropped their price objective on shares of Pinterest from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinterest in a report on Monday, December 29th. Guggenheim cut their price target on Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. UBS Group lowered their price objective on Pinterest from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Zacks Research lowered Pinterest from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.72.

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.