Los Angeles Capital Management LLC Decreases Stake in Pinterest, Inc. $PINS

Los Angeles Capital Management LLC cut its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 74.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,354 shares of the company’s stock after selling 1,047,378 shares during the period. Los Angeles Capital Management LLC’s holdings in Pinterest were worth $9,459,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in Pinterest by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company’s stock worth $33,333,000 after buying an additional 241,527 shares in the last quarter. Yousif Capital Management LLC increased its holdings in Pinterest by 2,298.3% in the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after buying an additional 177,449 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in Pinterest in the 3rd quarter worth about $2,280,000. Korea Investment CORP grew its holdings in shares of Pinterest by 82.7% in the third quarter. Korea Investment CORP now owns 703,483 shares of the company’s stock worth $22,631,000 after acquiring an additional 318,351 shares during the period. Finally, Forsta AP Fonden grew its holdings in shares of Pinterest by 61.2% in the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after acquiring an additional 150,900 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $20.50, for a total transaction of $960,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the sale, the director directly owned 27,450 shares of the company’s stock, valued at $549,000. This represents a 7.11% decrease in their position. 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 sold 77,362 shares of company stock valued at $1,583,253. Company insiders own 8.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PINS shares. Wedbush cut their price objective on Pinterest from $30.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Pinterest in a report on Friday, February 13th. Cantor Fitzgerald set a $18.00 price objective on Pinterest in a report on Friday, February 13th. Rothschild & Co Redburn set a $23.00 price objective on Pinterest and gave the stock a “neutral” rating in a report on Monday, April 27th. Finally, Citigroup lifted their price objective on Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $27.40.

Pinterest Stock Performance

NYSE:PINS opened at $21.94 on Tuesday. The stock has a 50-day simple moving average of $19.72 and a two-hundred day simple moving average of $21.71. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. 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 firm has a market capitalization of $12.29 billion, a PE ratio of 45.71, a P/E/G ratio of 1.16 and a beta of 0.92.

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. 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 analyst estimates of $965.84 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. Pinterest’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts forecast that Pinterest, Inc. will post 0.68 EPS for the current 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.