Pinterest, Inc. $PINS Shares Acquired by Andra AP fonden

Andra AP fonden increased its position in Pinterest, Inc. (NYSE:PINS) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,915,500 shares of the company’s stock after purchasing an additional 139,544 shares during the period. Pinterest accounts for about 0.6% of Andra AP fonden’s investment portfolio, making the stock its 27th biggest holding. Andra AP fonden’s holdings in Pinterest were worth $49,592,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Snowden Capital Advisors LLC raised its holdings in Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after purchasing an additional 296 shares during the period. EP Wealth Advisors LLC raised its holdings in Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after purchasing an additional 358 shares during the period. Central Pacific Bank Trust Division raised its holdings in Pinterest by 0.5% in the fourth quarter. Central Pacific Bank Trust Division now owns 95,960 shares of the company’s stock worth $2,484,000 after purchasing an additional 464 shares during the period. Simon Quick Advisors LLC raised its holdings in Pinterest by 5.5% in the fourth quarter. Simon Quick Advisors LLC now owns 10,237 shares of the company’s stock worth $265,000 after purchasing an additional 535 shares during the period. Finally, Coyle Financial Counsel LLC increased its position in shares of Pinterest by 5.8% during the third quarter. Coyle Financial Counsel LLC now owns 10,002 shares of the company’s stock worth $322,000 after acquiring an additional 551 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the sale, the director owned 27,450 shares in the company, valued at approximately $549,000. This trade represents a 7.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the sale, the insider owned 724,673 shares of the company’s stock, valued at approximately $14,826,809.58. This represents a 3.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 124,237 shares of company stock worth $2,604,190. 8.09% of the stock is owned by insiders.

Pinterest Stock Performance

NYSE PINS opened at $21.55 on Friday. The firm has a 50-day moving average of $19.94 and a 200-day moving average of $21.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The stock has a market cap of $12.07 billion, a PE ratio of 44.90, a P/E/G ratio of 1.18 and a beta of 0.92. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PINS. Bank of America reissued a “neutral” rating and set a $19.00 price objective (down from $39.00) on shares of Pinterest in a research report on Friday, February 13th. Rosenblatt Securities raised their target price on shares of Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Citigroup raised their target price on shares of Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Benchmark decreased their target price on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Finally, Barclays raised their target price on shares of Pinterest from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.40.

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.