43,423 Shares in Pinterest, Inc. $PINS Acquired by Securian Asset Management Inc.

Securian Asset Management Inc. acquired a new stake in Pinterest, Inc. (NYSE:PINSFree Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 43,423 shares of the company’s stock, valued at approximately $1,124,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PINS. N.E.W. Advisory Services LLC increased its position in shares of 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 purchasing an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after purchasing an additional 883 shares during the period. Elevated Capital Advisors LLC purchased a new stake in shares of Pinterest during the fourth quarter worth approximately $26,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock valued at $42,000 after purchasing an additional 419 shares in the last quarter. Finally, Fifth Third Bancorp raised 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 in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Key Pinterest News

Here are the key news stories impacting Pinterest this week:

Pinterest Price Performance

Shares of PINS opened at $20.60 on Wednesday. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $19.25 and its two-hundred day moving average is $23.02. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. The firm has a market capitalization of $11.54 billion, a PE ratio of 42.92, a P/E/G ratio of 1.12 and a beta of 0.93.

Pinterest (NYSE:PINSGet Free Report) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. During the same period last year, the firm earned $0.23 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. Research analysts anticipate that Pinterest, Inc. will post 0.68 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on PINS shares. Bank of America reissued 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. Mizuho raised their price objective on shares of Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Citigroup increased their target price on shares of Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their price target on Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 5th. Sixteen 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 company’s stock. According to data from MarketBeat, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.40.

View Our Latest Stock Report on Pinterest

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 8.09% of the company’s stock.

Pinterest Profile

(Free Report)

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.

Featured Articles

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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