Securian Asset Management Inc. Invests $1.12 Million in Pinterest, Inc. $PINS

Securian Asset Management Inc. bought a new position in shares of Pinterest, Inc. (NYSE:PINSFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 43,423 shares of the company’s stock, valued at approximately $1,124,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Pinterest by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock valued at $1,606,632,000 after acquiring an additional 1,069,646 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Pinterest by 18.5% during the third quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock worth $685,899,000 after purchasing an additional 3,213,241 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Pinterest by 10.7% during the third quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock worth $634,767,000 after purchasing an additional 1,913,668 shares during the last quarter. State Street Corp lifted its position in Pinterest by 1.6% during the third quarter. State Street Corp now owns 14,079,956 shares of the company’s stock valued at $452,952,000 after purchasing an additional 224,909 shares during the period. Finally, Davis Selected Advisers lifted its position in Pinterest by 49.5% during the fourth quarter. Davis Selected Advisers now owns 11,801,983 shares of the company’s stock valued at $305,554,000 after purchasing an additional 3,909,926 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director owned 27,450 shares in the company, valued at approximately $549,000. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on PINS. HSBC downgraded 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. BMO Capital Markets restated an “outperform” rating and issued a $30.00 target price on shares of Pinterest in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 target price on shares of Pinterest in a report on Tuesday, May 5th. Cantor Fitzgerald set a $18.00 price target on Pinterest in a research report on Friday, February 13th. Finally, Zacks Research raised Pinterest from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Sixteen equities research 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.40.

Get Our Latest Analysis on PINS

Pinterest Trading Down 0.8%

Shares of PINS stock opened at $20.60 on Wednesday. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 42.92, a PEG ratio of 1.12 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The stock has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $23.02.

Pinterest (NYSE:PINSGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, equities research analysts expect that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Key Headlines Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

Pinterest Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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