Pinterest, Inc. $PINS Position Increased by Board of the Pension Protection Fund

Board of the Pension Protection Fund grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 261.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,600 shares of the company’s stock after purchasing an additional 36,600 shares during the period. Board of the Pension Protection Fund’s holdings in Pinterest were worth $1,310,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Pinterest by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company’s stock valued at $1,961,933,000 after buying an additional 3,044,674 shares during the period. Victory Capital Management Inc. raised its stake in Pinterest by 18.5% during the third quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock worth $685,899,000 after acquiring an additional 3,213,241 shares during the period. Ameriprise Financial Inc. lifted its holdings in Pinterest by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock worth $634,767,000 after acquiring an additional 1,913,668 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Pinterest by 4.4% in the second quarter. Franklin Resources Inc. now owns 16,862,033 shares of the company’s stock worth $604,673,000 after acquiring an additional 718,105 shares during the last quarter. Finally, State Street Corp boosted its stake in Pinterest by 1.6% in the third quarter. State Street Corp now owns 14,079,956 shares of the company’s stock valued at $452,952,000 after acquiring an additional 224,909 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on PINS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pinterest in a report on Monday, December 29th. Argus lowered Pinterest from a “buy” rating to a “hold” rating in a research report on Monday, March 2nd. Morgan Stanley upped their price objective on Pinterest from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Wells Fargo & Company dropped their target price on Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Finally, Royal Bank Of Canada cut Pinterest from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $38.00 to $17.00 in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat.com, Pinterest has an average rating of “Hold” and a consensus target price of $25.87.

Pinterest Trading Down 0.6%

PINS opened at $18.65 on Friday. The business’s 50 day moving average is $20.67 and its 200-day moving average is $26.88. The stock has a market cap of $12.41 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.23 and a beta of 0.93. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93.

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

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the transaction, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Malik Ducard sold 6,000 shares of Pinterest stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $155,160.00. Following the sale, the insider owned 699,773 shares in the company, valued at approximately $18,096,129.78. This represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,457 shares of company stock valued at $876,925 in the last quarter. 7.06% of the stock is currently owned by insiders.

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.