Swiss National Bank Sells 84,700 Shares of Pinterest, Inc. $PINS

Swiss National Bank lowered its stake in shares of Pinterest, Inc. (NYSE:PINS) by 4.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,712,700 shares of the company’s stock after selling 84,700 shares during the quarter. Swiss National Bank owned about 0.25% of Pinterest worth $55,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PINS. Snowden Capital Advisors LLC grew its holdings in shares of Pinterest by 4.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Pinterest by 10.1% in the 2nd quarter. Penserra Capital Management LLC now owns 3,259 shares of the company’s stock valued at $115,000 after purchasing an additional 300 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Pinterest by 3.9% in the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock valued at $340,000 after purchasing an additional 358 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its position in shares of Pinterest by 3.6% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 10,302 shares of the company’s stock valued at $369,000 after purchasing an additional 359 shares in the last quarter. Finally, Dynamic Wealth Strategies LLC boosted its position in shares of Pinterest by 5.8% during the second quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock valued at $237,000 after purchasing an additional 361 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Trading Up 0.0%

NYSE PINS opened at $19.37 on Thursday. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93. The stock’s fifty day moving average price is $21.66 and its 200-day moving average price is $27.56. The stock has a market cap of $12.88 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.29 and a beta of 0.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings results 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 company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Pinterest had a return on equity of 7.95% and a net margin of 9.87%.Pinterest’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.56 EPS. As a group, analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the sale, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. This represents a 4.05% 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, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction that occurred 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 trade represents a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 34,457 shares of company stock valued at $876,925 over the last ninety days. Corporate insiders own 7.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PINS shares. Loop Capital downgraded Pinterest from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $45.00 to $18.00 in a report on Friday, February 13th. Wells Fargo & Company reduced their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Citigroup lowered shares of Pinterest from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $19.00 in a research note on Friday, February 13th. Barclays lowered their price target on shares of Pinterest from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, February 13th. Finally, TD Cowen dropped their price objective on shares of Pinterest from $44.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Hold” and an average price target of $25.87.

Pinterest Company 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.