National Pension Service Purchases 85,421 Shares of Pinterest, Inc. $PINS

National Pension Service boosted its position in Pinterest, Inc. (NYSE:PINS) by 39.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,568 shares of the company’s stock after purchasing an additional 85,421 shares during the quarter. National Pension Service’s holdings in Pinterest were worth $7,859,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp increased its holdings in shares of Pinterest by 3,839.1% during the third quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after acquiring an additional 883 shares in the last quarter. Elevated Capital Advisors LLC bought a new position in shares of Pinterest during the fourth quarter valued at $26,000. Addison Advisors LLC increased its holdings in shares of Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after acquiring an additional 1,200 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Garner Asset Management Corp bought a new position in shares of Pinterest during the fourth quarter valued at $36,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Trading Up 7.0%

Shares of NYSE:PINS opened at $21.45 on Tuesday. The stock has a market capitalization of $12.02 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 1.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23. The stock’s 50-day simple moving average is $19.45 and its two-hundred day simple moving average is $21.89. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93.

Pinterest (NYSE:PINS) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the firm posted $0.23 earnings per share. Analysts expect that Pinterest, Inc. will post 0.68 EPS for the current year.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director directly owned 27,450 shares of the company’s stock, valued at approximately $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,200 shares of company stock valued at $84,000 over the last 90 days. Company insiders own 8.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PINS. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price target on shares of Pinterest in a report on Tuesday, May 5th. Benchmark reduced their price target on Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Bank of America restated a “neutral” rating and set a $19.00 price target (down from $39.00) on shares of Pinterest in a report on Friday, February 13th. Loop Capital downgraded Pinterest from a “buy” rating to a “hold” rating and reduced their price target for the company from $45.00 to $18.00 in a report on Friday, February 13th. Finally, Rothschild & Co Redburn set a $23.00 price objective on Pinterest and gave the stock a “neutral” rating in a report on Monday, April 27th. Sixteen 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $27.40.

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.