Allianz SE Has $3.93 Million Stock Holdings in Pinterest, Inc. $PINS

Allianz SE boosted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 56.3% in the third quarter, HoldingsChannel reports. The firm owned 122,250 shares of the company’s stock after purchasing an additional 44,053 shares during the quarter. Allianz SE’s holdings in Pinterest were worth $3,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after buying an additional 506 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares during the period. Atlantic Union Bankshares Corp lifted its position in Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares during the last quarter. Wellington Shields Capital Management LLC acquired a new stake in Pinterest during the second quarter worth approximately $40,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Pinterest by 46.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after acquiring an additional 419 shares during the period. 88.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Pinterest news, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the sale, the insider owned 695,187 shares of the company’s stock, valued at approximately $15,335,825.22. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction 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 transaction, the chief financial officer owned 540,358 shares of the company’s stock, valued at $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 33,407 shares of company stock worth $855,925. Insiders own 7.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PINS. KeyCorp lowered their target price on Pinterest from $40.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 3rd. Oppenheimer decreased their price objective on Pinterest from $36.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Robert W. Baird reiterated a “neutral” rating and set a $20.00 price objective (down from $35.00) on shares of Pinterest in a research report on Friday, February 13th. Bank of America reissued a “neutral” rating and issued a $19.00 target price (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. Finally, HSBC downgraded shares of Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price target on the stock. in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eighteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.87.

Pinterest Stock Down 3.9%

Pinterest stock opened at $17.11 on Friday. The stock has a market cap of $11.38 billion, a PE ratio of 28.05, a P/E/G ratio of 1.26 and a beta of 0.92. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The business’s 50-day moving average price is $22.74 and its two-hundred day moving average price is $28.52.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 earnings per share. As a group, analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

About Pinterest

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.