ABN Amro Investment Solutions Has $345,000 Stock Holdings in Pinterest, Inc. $PINS

ABN Amro Investment Solutions decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 85.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 18,803 shares of the company’s stock after selling 112,463 shares during the quarter. ABN Amro Investment Solutions’ holdings in Pinterest were worth $345,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PINS. Yousif Capital Management LLC boosted its position in shares of Pinterest by 2,298.3% during the fourth quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after purchasing an additional 177,449 shares in the last quarter. Forsta AP Fonden grew its holdings in shares of Pinterest by 61.2% in the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock valued at $10,289,000 after buying an additional 150,900 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Pinterest in the 4th quarter valued at $12,812,000. KLP Kapitalforvaltning AS increased its position in shares of Pinterest by 103.4% in the 4th quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock valued at $21,709,000 after buying an additional 426,300 shares in the last quarter. Finally, Freemont Management S.A. acquired a new stake in Pinterest during the 4th quarter worth $2,540,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $20.46, for a total value 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 trade represents a 3.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 323,845 shares of company stock valued at $6,836,065. 8.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PINS has been the topic of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of Pinterest in a report on Monday, June 22nd. Benchmark lowered their price target on Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, April 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $28.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Rosenblatt Securities lifted their price objective on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Evercore set a $27.00 price objective on Pinterest in a research report on Tuesday, May 5th. Seventeen equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.69.

Pinterest Price Performance

Shares of NYSE PINS opened at $22.18 on Monday. The company has a fifty day moving average price of $21.20 and a 200 day moving average price of $20.64. The firm has a market cap of $12.43 billion, a PE ratio of 46.22, a PEG ratio of 1.26 and a beta of 0.89. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. Research analysts predict that Pinterest, Inc. will post 0.65 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.