Daiwa Securities Group Inc. Trims Holdings in Pinterest, Inc. $PINS

Daiwa Securities Group Inc. trimmed its position in Pinterest, Inc. (NYSE:PINS) by 38.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,896 shares of the company’s stock after selling 32,400 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Pinterest were worth $1,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming increased its holdings in Pinterest by 155.7% in the 4th quarter. State of Wyoming now owns 17,080 shares of the company’s stock worth $442,000 after acquiring an additional 10,400 shares in the last quarter. Cibc World Market Inc. increased its holdings in Pinterest by 10.8% in the 4th quarter. Cibc World Market Inc. now owns 97,921 shares of the company’s stock worth $2,535,000 after acquiring an additional 9,531 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Pinterest by 101.1% in the 4th quarter. Sivia Capital Partners LLC now owns 23,715 shares of the company’s stock worth $614,000 after acquiring an additional 11,920 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Pinterest by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 26,434 shares of the company’s stock worth $684,000 after acquiring an additional 560 shares in the last quarter. Finally, Marble Wealth LLC purchased a new stake in Pinterest in the 4th quarter worth approximately $577,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PINS has been the subject of several analyst reports. Citigroup increased their target price on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Pinterest in a report on Friday, February 13th. Evercore set a $27.00 price objective on shares of Pinterest in a report on Tuesday, May 5th. Bank of America reaffirmed a “neutral” rating and set a $19.00 price objective (down from $39.00) on shares of Pinterest in a report on Friday, February 13th. Finally, Loop Capital lowered shares of Pinterest from a “buy” rating to a “hold” rating and cut their price objective for the company from $45.00 to $18.00 in a report on Friday, February 13th. 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, Pinterest presently has an average rating of “Hold” and an average target price of $27.40.

Key Headlines Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Pinterest announced an expanded partnership with Amazon that brings Amazon Storefronts into the Pinterest app, giving creators a new way to showcase products and earn affiliate revenue. This could improve engagement and help Pinterest monetize its user base more effectively. TechCrunch article
• Positive Sentiment: Other reports highlighted the same Amazon storefront integration as a creator-focused initiative, reinforcing the view that Pinterest is strengthening its commerce and affiliate ecosystem. CNET article
• Positive Sentiment: Recent commentary has also pointed to accelerating monetization, solid user growth, and attractive valuation metrics, which may be helping investors view Pinterest as a rebound candidate. Seeking Alpha article
• Neutral Sentiment: Pinterest has been drawing elevated attention from market watchers and Zacks users, which may be contributing to trading volume but does not by itself change the business outlook. Zacks article
• Negative Sentiment: Director Benjamin Silbermann sold 46,875 shares in a pre-arranged 10b5-1 plan, a move that can weigh on sentiment even though the sale was scheduled in advance and disclosed to regulators. Insider trade reference

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director directly owned 27,450 shares of the company’s stock, valued at approximately $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $21.78, for a total transaction of $1,020,937.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 124,237 shares of company stock valued at $2,604,190. 8.09% of the stock is owned by corporate insiders.

Pinterest Trading Down 0.6%

Shares of PINS opened at $21.78 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The company has a 50 day simple moving average of $19.88 and a two-hundred day simple moving average of $21.67. The firm has a market cap of $12.20 billion, a P/E ratio of 45.38, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. During the same period last year, the firm posted $0.23 earnings per share. Pinterest’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, equities analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Pinterest 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.