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

Vinva Investment Management Ltd grew its stake in shares of Pinterest, Inc. (NYSE:PINS) by 94.9% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 354,913 shares of the company’s stock after buying an additional 172,811 shares during the period. Vinva Investment Management Ltd owned approximately 0.05% of Pinterest worth $11,826,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Pinterest in the 2nd quarter valued at approximately $477,853,000. Balyasny Asset Management L.P. increased its stake in Pinterest by 1,138.8% in the second quarter. Balyasny Asset Management L.P. now owns 4,601,571 shares of the company’s stock valued at $165,012,000 after acquiring an additional 4,230,125 shares during the period. Victory Capital Management Inc. raised its position in Pinterest by 18.5% in 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 in the last quarter. Vanguard Group Inc. raised its position in Pinterest by 5.3% in the third quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company’s stock worth $1,961,933,000 after purchasing an additional 3,044,674 shares in the last quarter. Finally, Erste Asset Management GmbH lifted its stake in Pinterest by 33,818.9% during the third quarter. Erste Asset Management GmbH now owns 2,510,000 shares of the company’s stock worth $83,633,000 after purchasing an additional 2,502,600 shares during the period. Institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In related news, insider Malik Ducard sold 2,293 shares of Pinterest stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the transaction, the insider directly owned 695,187 shares of the company’s stock, valued at $15,335,825.22. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 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 transaction of $590,151.06. Following the transaction, the chief financial officer owned 540,358 shares in the company, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 33,407 shares of company stock valued at $855,925. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Price Performance

NYSE PINS opened at $20.00 on Monday. The stock’s 50 day simple moving average is $22.05 and its 200 day simple moving average is $27.84. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The firm has a market cap of $13.30 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

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). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 EPS. As a group, equities analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PINS shares. Royal Bank Of Canada downgraded Pinterest from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $38.00 to $17.00 in a report on Friday, February 13th. TD Cowen cut their target price on Pinterest from $44.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Cantor Fitzgerald set a $18.00 price target on Pinterest in a research note on Friday, February 13th. Robert W. Baird reiterated a “neutral” rating and set a $20.00 price objective (down from $35.00) on shares of Pinterest in a research note on Friday, February 13th. Finally, Wolfe Research set a $33.00 price objective on Pinterest and gave the company an “outperform” rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $25.87.

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.