Vinva Investment Management Ltd Buys 172,811 Shares of Pinterest, Inc. $PINS

Vinva Investment Management Ltd boosted its position in shares of Pinterest, Inc. (NYSE:PINS) by 94.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 354,913 shares of the company’s stock after buying an additional 172,811 shares during the quarter. Vinva Investment Management Ltd’s holdings in Pinterest were worth $11,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PINS. Golden State Wealth Management LLC raised its position in shares of Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after acquiring an additional 506 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after acquiring an additional 713 shares during the last quarter. Atlantic Union Bankshares Corp increased its position in Pinterest by 3,839.1% in the third 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. Whittier Trust Co. of Nevada Inc. increased its position in Pinterest by 46.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after purchasing an additional 419 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after buying an additional 1,325 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PINS shares. HSBC lowered Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price target on the stock. in a research report on Friday, January 30th. TD Cowen cut their target price on Pinterest from $44.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. UBS Group set a $26.00 target price on Pinterest in a report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a research report on Monday, December 29th. Finally, Royal Bank Of Canada downgraded shares of Pinterest from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $38.00 to $17.00 in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.87.

Pinterest Price Performance

Shares of Pinterest stock opened at $20.00 on Monday. The company has a market capitalization of $13.30 billion, a P/E ratio of 32.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. The business has a 50-day moving average of $22.05 and a two-hundred day moving average of $27.84. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $0.56 earnings per share. Pinterest’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the sale, the chief financial officer directly owned 540,358 shares in the company, valued at $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Malik Ducard sold 6,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the transaction, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,407 shares of company stock valued at $855,925. Company insiders own 7.11% 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.