Pinterest, Inc. $PINS Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in shares of Pinterest, Inc. (NYSE:PINS) by 5.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,301,880 shares of the company’s stock after buying an additional 280,332 shares during the quarter. Nordea Investment Management AB’s holdings in Pinterest were worth $137,080,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in PINS. N.E.W. Advisory Services LLC grew its stake in Pinterest by 505.7% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after buying an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp increased 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 buying an additional 883 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Pinterest by 46.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock valued at $42,000 after buying an additional 419 shares during the last quarter. Fifth Third Bancorp lifted its stake in Pinterest by 2,409.1% in the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after buying an additional 1,325 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Pinterest in the second quarter valued at approximately $45,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Up 0.3%

NYSE:PINS opened at $18.71 on Monday. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The stock’s 50 day simple moving average is $20.50 and its 200-day simple moving average is $26.61. The firm has a market cap of $12.44 billion, a P/E ratio of 30.67, a PEG ratio of 1.22 and a beta of 0.93.

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

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, December 24th. The shares were 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 in the company, valued at $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Malik Ducard sold 2,293 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider directly owned 695,187 shares of the company’s stock, valued at $15,335,825.22. This represents a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,457 shares of company stock valued at $876,925 in the last 90 days. Company insiders own 7.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PINS shares. Rosenblatt Securities restated a “neutral” rating and set a $20.00 target price on shares of Pinterest in a research report on Wednesday, March 4th. Morgan Stanley upped their price target on shares of Pinterest from $32.00 to $35.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Benchmark decreased their price target on shares of Pinterest from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $23.00 price objective on shares of Pinterest in a research note on Friday, February 13th. One 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’s stock. Based on data from MarketBeat, Pinterest has a consensus rating of “Hold” and a consensus price target of $25.87.

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.