Clal Insurance Enterprises Holdings Ltd Cuts Holdings in Pinterest, Inc. $PINS

Clal Insurance Enterprises Holdings Ltd lowered its stake in Pinterest, Inc. (NYSE:PINS) by 22.0% in the 4th quarter, HoldingsChannel reports. The fund owned 1,146,000 shares of the company’s stock after selling 324,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Pinterest were worth $29,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PINS. Elevated Capital Advisors LLC purchased a new position in Pinterest in the fourth quarter worth $26,000. Addison Advisors LLC grew its holdings in shares of Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares during the last quarter. Fifth Third Bancorp lifted its position in Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after purchasing an additional 1,325 shares during the period. Garner Asset Management Corp acquired a new position in Pinterest during the fourth quarter valued at $36,000. Finally, Strategic Advocates LLC acquired a new position in Pinterest during the third quarter valued at $56,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Down 5.7%

PINS opened at $20.28 on Friday. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $19.98 and a 200 day moving average price of $21.63. The company has a market cap of $11.36 billion, a PE ratio of 42.25, a price-to-earnings-growth 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 for the quarter, topping the consensus estimate 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 the consensus estimate of $965.84 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. Sell-side analysts expect that Pinterest, Inc. will post 0.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of research reports. Weiss Ratings downgraded shares of Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. Mizuho boosted their target price on shares of Pinterest from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Guggenheim boosted their target price on shares of Pinterest from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Rothschild & Co Redburn set a $23.00 target price on shares of Pinterest and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, Royal Bank Of Canada upped their price objective on shares of Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction that occurred 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 owned 27,450 shares of the company’s stock, valued at $549,000. This trade represents a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 that occurred on Friday, May 29th. The shares were sold at an average price of $20.46, for a total transaction of $559,315.02. Following the completion of the transaction, the insider directly owned 724,673 shares of the company’s stock, valued at $14,826,809.58. This represents a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 124,237 shares of company stock valued at $2,604,190. Company insiders own 8.09% of the company’s stock.

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.