Union Bancaire Privee UBP SA Takes Position in Pinterest, Inc. $PINS

Union Bancaire Privee UBP SA bought a new stake in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 637,938 shares of the company’s stock, valued at approximately $15,452,000. Union Bancaire Privee UBP SA owned about 0.09% of Pinterest as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PINS. Norges Bank bought a new position in shares of Pinterest during the 2nd quarter worth approximately $477,853,000. Davis Selected Advisers acquired a new position in shares of Pinterest during the 3rd quarter worth approximately $253,887,000. Balyasny Asset Management L.P. raised its stake in Pinterest by 1,138.8% in the 2nd 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. Man Group plc lifted its holdings in Pinterest by 185.7% during the 3rd quarter. Man Group plc now owns 4,983,427 shares of the company’s stock valued at $160,317,000 after purchasing an additional 3,239,222 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Pinterest by 18.5% during the 3rd quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock valued at $685,899,000 after purchasing an additional 3,213,241 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on PINS shares. Citigroup downgraded shares of Pinterest from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $19.00 in a report on Friday, February 13th. Mizuho set a $35.00 target price on shares of Pinterest in a report on Tuesday, February 3rd. Guggenheim decreased their price target on shares of Pinterest from $38.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. UBS Group set a $26.00 price target on shares of Pinterest in a report on Friday, February 13th. Finally, Loop Capital cut Pinterest from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $45.00 to $18.00 in a 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. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Hold” and a consensus target price of $25.87.

Insider Buying and Selling

In related news, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value 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. The trade was a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Malik Ducard sold 2,293 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the sale, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. This represents a 0.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 34,457 shares of company stock valued at $876,925. 7.06% of the stock is owned by company insiders.

Pinterest Stock Performance

Shares of Pinterest stock opened at $18.65 on Friday. The firm has a 50-day moving average of $20.67 and a 200-day moving average of $26.88. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93. The stock has a market cap of $12.41 billion, a PE ratio of 30.58, a PEG ratio of 1.23 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 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 analyst estimates 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 quarter last year, the firm earned $0.56 EPS. Equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.