Pinterest, Inc. $PINS Holdings Boosted by Swiss National Bank

Swiss National Bank raised its stake in Pinterest, Inc. (NYSE:PINS) by 6.4% in the first quarter, HoldingsChannel.com reports. The fund owned 1,748,700 shares of the company’s stock after buying an additional 104,600 shares during the quarter. Swiss National Bank’s holdings in Pinterest were worth $32,071,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Aurora Investment Counsel increased its position in Pinterest by 30.5% in the first quarter. Aurora Investment Counsel now owns 77,904 shares of the company’s stock worth $1,429,000 after buying an additional 18,216 shares during the period. Assetmark Inc. lifted its position in Pinterest by 259.8% in the 1st quarter. Assetmark Inc. now owns 7,761 shares of the company’s stock valued at $142,000 after purchasing an additional 5,604 shares during the last quarter. Graphene Investments SAS lifted its position in Pinterest by 41.5% in the 1st quarter. Graphene Investments SAS now owns 148,400 shares of the company’s stock valued at $2,722,000 after purchasing an additional 43,500 shares during the last quarter. Bessemer Group Inc. boosted its stake in Pinterest by 445.1% during the 1st quarter. Bessemer Group Inc. now owns 3,712 shares of the company’s stock valued at $68,000 after purchasing an additional 3,031 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Pinterest in the first quarter valued at approximately $2,244,000. 88.81% of the stock is owned by institutional investors.

Pinterest Price Performance

NYSE PINS opened at $22.00 on Friday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The stock’s 50-day moving average price is $21.14 and its two-hundred day moving average price is $20.67. The company has a market cap of $12.32 billion, a PE ratio of 45.83, a PEG ratio of 1.28 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 (NYSE:PINS) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The company’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. On average, analysts predict that Pinterest, Inc. will post 0.65 EPS for the current year.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 46,875 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $22.63, for a total transaction of $1,060,781.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $20.46, for a total transaction of $559,315.02. Following the completion of the sale, the insider directly owned 724,673 shares of the company’s stock, valued at $14,826,809.58. This trade represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 323,845 shares of company stock worth $6,836,065 over the last three months. 8.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on PINS. BMO Capital Markets restated an “outperform” rating and issued a $30.00 target price on shares of Pinterest in a research report on Tuesday, May 5th. DA Davidson assumed coverage on shares of Pinterest in a report on Wednesday, July 8th. They issued a “buy” rating and a $26.00 price objective for the company. Wedbush started coverage on shares of Pinterest in a research report on Thursday, July 16th. They issued a “neutral” rating and a $24.00 target price for the company. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Finally, UBS Group upped their price target 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. Seventeen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Pinterest has an average rating of “Hold” and an average target price of $27.69.

About Pinterest

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.