DJE Kapital AG Sells 28,300 Shares of Pinterest, Inc. $PINS

DJE Kapital AG lowered its stake in shares of Pinterest, Inc. (NYSE:PINS) by 39.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 44,100 shares of the company’s stock after selling 28,300 shares during the quarter. DJE Kapital AG’s holdings in Pinterest were worth $1,144,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PINS. Elevated Capital Advisors LLC bought a new position in shares of Pinterest during the 4th quarter valued at approximately $26,000. Addison Advisors LLC increased its position in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the last quarter. Garner Asset Management Corp bought a new position in shares of Pinterest during the 4th quarter valued at approximately $36,000. Fifth Third Bancorp increased 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 valued at $44,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Torren Management LLC purchased a new stake in Pinterest in the fourth quarter worth $50,000. Institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 27,337 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the transaction, the insider owned 724,673 shares of the company’s stock, valued at approximately $14,826,809.58. This represents a 3.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $21.78, for a total value of $1,020,937.50. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 124,237 shares of company stock valued at $2,604,190. 8.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on PINS shares. UBS Group increased their target price on Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings lowered Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 2nd. Barclays increased their target price on Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Loop Capital lowered Pinterest from a “buy” rating to a “hold” rating and reduced their target price for the stock from $45.00 to $18.00 in a research note on Friday, February 13th. Finally, Wells Fargo & Company increased their target price on Pinterest from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average target price of $27.40.

Pinterest Price Performance

PINS opened at $21.55 on Friday. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. 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 business’s fifty day simple moving average is $19.94 and its 200-day simple moving average is $21.64. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 44.90, a PEG ratio of 1.18 and a beta of 0.92.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $965.84 million. During the same quarter in the prior year, the company earned $0.23 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.68 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.