Pinterest, Inc. $PINS Stock Holdings Decreased by Neuberger Berman Group LLC

Neuberger Berman Group LLC lowered its position in shares of Pinterest, Inc. (NYSE:PINS) by 35.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,445 shares of the company’s stock after selling 113,208 shares during the quarter. Neuberger Berman Group LLC’s holdings in Pinterest were worth $6,738,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC grew its position in Pinterest by 282.7% during the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after purchasing an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after purchasing an additional 713 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of 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 buying an additional 883 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of Pinterest during the second quarter valued at $45,000. Finally, Whittier Trust Co. of Nevada Inc. raised its position 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 valued at $42,000 after buying an additional 419 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In other news, insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider owned 695,187 shares in the company, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction 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 completion of the sale, the chief financial officer directly owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. The trade was a 4.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,407 shares of company stock valued at $855,925 over the last quarter. Corporate insiders own 7.06% of the company’s stock.

Pinterest Price Performance

Shares of PINS stock opened at $20.00 on Friday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The stock’s 50-day moving average is $22.05 and its two-hundred day moving average is $27.89. The firm has a market cap of $13.30 billion, a P/E ratio of 32.79, a PEG ratio of 1.31 and a beta of 0.93.

Pinterest (NYSE:PINS) last announced 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 firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. As a group, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Guggenheim decreased their price objective on Pinterest from $38.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Evercore set a $25.00 price target on shares of Pinterest and gave the stock an “in-line” rating in a research report on Friday, February 13th. Wolfe Research set a $33.00 price target on shares of Pinterest and gave the stock an “outperform” rating in a report on Monday, January 5th. Mizuho set a $35.00 price objective on shares of Pinterest in a research report on Tuesday, February 3rd. Finally, Oppenheimer lowered their price objective on shares of Pinterest from $36.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.