Pinterest, Inc. $PINS Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of Pinterest, Inc. (NYSE:PINS) by 32.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,951,421 shares of the company’s stock after buying an additional 730,358 shares during the quarter. Pacer Advisors Inc.’s holdings in Pinterest were worth $76,412,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its position in shares of Pinterest by 2,298.3% in the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock valued at $4,701,000 after purchasing an additional 177,449 shares during the period. Korea Investment CORP increased its stake in Pinterest by 82.7% in the 3rd quarter. Korea Investment CORP now owns 703,483 shares of the company’s stock worth $22,631,000 after purchasing an additional 318,351 shares in the last quarter. Forsta AP Fonden raised its holdings in Pinterest by 61.2% during the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after buying an additional 150,900 shares during the period. Erste Asset Management GmbH raised its holdings in Pinterest by 33,818.9% during the 3rd quarter. Erste Asset Management GmbH now owns 2,510,000 shares of the company’s stock worth $83,633,000 after buying an additional 2,502,600 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in Pinterest during the fourth quarter valued at about $12,812,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

NYSE PINS opened at $20.29 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 42.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.92. The company has a 50 day simple moving average of $20.19 and a 200-day simple moving average of $21.47. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Monday, May 4th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm 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 firm’s revenue was up 17.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. Equities research analysts predict that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the sale, the director owned 27,450 shares of the company’s stock, valued at $549,000. This trade represents a 7.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $21.15, for a total transaction of $991,406.25. 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 sold 171,112 shares of company stock valued at $3,595,596 in the last quarter. Company insiders own 8.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on PINS shares. JPMorgan Chase & Co. raised their target price on shares of Pinterest from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Pinterest from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 2nd. Evercore set a $27.00 price target on shares of Pinterest in a research report on Tuesday, May 5th. Morgan Stanley raised their price objective on shares of Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Benchmark lowered their price objective on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.40.

Pinterest 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.