Pinterest, Inc. $PINS Holdings Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Pinterest, Inc. (NYSE:PINS) by 29.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,782,342 shares of the company’s stock after selling 1,559,571 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.68% of Pinterest worth $71,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Resona Asset Management Co. Ltd. lifted its position in shares of Pinterest by 0.5% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 173,648 shares of the company’s stock valued at $3,176,000 after acquiring an additional 785 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Pinterest by 13.6% in the second quarter. GAMMA Investing LLC now owns 10,929 shares of the company’s stock worth $230,000 after purchasing an additional 1,308 shares during the period. Allworth Financial LP increased its position in shares of Pinterest by 8.7% in the second quarter. Allworth Financial LP now owns 16,941 shares of the company’s stock worth $356,000 after purchasing an additional 1,360 shares during the period. Finally, Parallel Advisors LLC increased its position in shares of Pinterest by 31.7% in the first quarter. Parallel Advisors LLC now owns 5,780 shares of the company’s stock worth $106,000 after purchasing an additional 1,390 shares during the period. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PINS. Mizuho boosted their price target on Pinterest from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded shares of Pinterest from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Cantor Fitzgerald reissued an “overweight” rating and issued a $30.00 target price on shares of Pinterest in a report on Wednesday, August 5th. Guggenheim raised their target price on shares of Pinterest from $24.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Rosenblatt Securities boosted their target price on shares of Pinterest from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.90.

Pinterest Trading Up 0.1%

Shares of PINS stock opened at $22.96 on Friday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $35.42. The stock’s fifty day moving average price is $20.90 and its two-hundred day moving average price is $21.09. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.81 and a current ratio of 3.81. The company has a market cap of $12.86 billion, a PE ratio of 67.54, a P/E/G ratio of 1.63 and a beta of 0.90.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $0.33 EPS. Pinterest’s revenue was up 18.2% on a year-over-year basis. Equities analysts predict that Pinterest, Inc. will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Julia Donnelly sold 29,548 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $18.61, for a total value of $549,888.28. Following the sale, the chief financial officer directly owned 751,921 shares of the company’s stock, valued at $13,993,249.81. This trade represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Claude Leonard Brown sold 12,240 shares of Pinterest stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $20.00, for a total value of $244,800.00. Following the completion of the transaction, the insider owned 1,130,768 shares in the company, valued at approximately $22,615,360. This represents a 1.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 692,877 shares of company stock valued at $14,733,501. 8.09% of the stock is owned by corporate insiders.

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.