Grantham Mayo Van Otterloo & Co. LLC Acquires 78,699 Shares of Pinterest, Inc. $PINS

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Pinterest, Inc. (NYSE:PINS) by 246.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,607 shares of the company’s stock after buying an additional 78,699 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Pinterest were worth $3,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in PINS. Golden State Wealth Management LLC raised its position in shares of Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after buying an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC grew its position in Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in Pinterest by 3,839.1% in the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock worth $29,000 after acquiring an additional 883 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Pinterest by 46.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after acquiring an additional 419 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after acquiring an additional 1,325 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the sale, the chief financial officer directly owned 540,358 shares in the company, valued at approximately $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Malik Ducard sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $155,160.00. Following the sale, the insider directly owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This represents a 0.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,457 shares of company stock worth $876,925 in the last ninety days. 7.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PINS shares. Argus lowered Pinterest from a “buy” rating to a “hold” rating in a research note on Monday, March 2nd. Wedbush cut their target price on Pinterest from $30.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a report on Monday, December 29th. Mizuho set a $35.00 price target on Pinterest in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada lowered shares of Pinterest from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $38.00 to $17.00 in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $25.87.

Pinterest Price Performance

Shares of NYSE:PINS opened at $19.68 on Tuesday. The firm has a market capitalization of $13.09 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. The business has a 50 day simple moving average of $21.92 and a two-hundred day simple moving average of $27.73. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts expect that Pinterest, Inc. will post 0.6 EPS 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.