Pinterest, Inc. $PINS Stock Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Pinterest, Inc. (NYSE:PINS) by 61.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 53,218 shares of the company’s stock after selling 86,394 shares during the period. SG Americas Securities LLC’s holdings in Pinterest were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest during the 4th quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd boosted its holdings in Pinterest by 2,017.3% in the fourth 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 during the period. Addison Advisors LLC boosted its holdings in Pinterest by 727.3% in the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares during the period. Garner Asset Management Corp bought a new stake in Pinterest during the fourth quarter valued at $36,000. Finally, MidFirst Bank bought a new stake in Pinterest during the fourth quarter valued at $44,000. 88.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PINS shares. Barclays raised their price target on shares of Pinterest from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Oppenheimer boosted their price objective on shares of Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. UBS Group increased their price objective on shares of Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Mizuho raised their target price on shares of Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Finally, Morgan Stanley lifted their target price on Pinterest from $27.00 to $30.00 and gave the company an “overweight” rating in a research note 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 assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.40.

Pinterest Stock Performance

PINS opened at $22.06 on Friday. The business’s 50 day moving average is $20.50 and its 200-day moving average is $21.03. The stock has a market cap of $12.35 billion, a PE ratio of 45.95, a price-to-earnings-growth ratio of 1.24 and a beta of 0.89. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93.

Pinterest (NYSE:PINS) last issued its quarterly earnings data 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 during the quarter, compared to analyst estimates of $965.84 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. On average, analysts predict that Pinterest, Inc. will post 0.66 earnings per share for the current year.

Insiders Place Their Bets

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 value of $559,315.02. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 30th. The stock was sold at an average price of $21.45, for a total value of $1,005,468.75. 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 279,070 shares of company stock worth $5,817,283. 8.09% of the stock is owned by company insiders.

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.