Pinterest, Inc. $PINS Holdings Raised by First Trust Advisors LP

First Trust Advisors LP increased its stake in Pinterest, Inc. (NYSE:PINS) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,970,857 shares of the company’s stock after purchasing an additional 213,677 shares during the quarter. First Trust Advisors LP’s holdings in Pinterest were worth $36,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Yousif Capital Management LLC increased its stake in shares of Pinterest by 2,298.3% during the fourth quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock valued at $4,701,000 after acquiring an additional 177,449 shares during the period. Forsta AP Fonden lifted its position in Pinterest by 61.2% in the fourth quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock worth $10,289,000 after purchasing an additional 150,900 shares during the period. Jefferies Financial Group Inc. bought a new position in Pinterest during the 4th quarter valued at $12,812,000. KLP Kapitalforvaltning AS boosted its stake in Pinterest by 103.4% during the 4th quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock valued at $21,709,000 after purchasing an additional 426,300 shares in the last quarter. Finally, Freemont Management S.A. acquired a new position in shares of Pinterest during the 4th quarter valued at $2,540,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Trading Up 6.3%

NYSE PINS opened at $23.53 on Tuesday. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. 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 has a market cap of $13.18 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 1.26 and a beta of 0.89. The firm’s 50 day moving average price is $21.27 and its two-hundred day moving average price is $20.61.

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. Equities analysts anticipate that Pinterest, Inc. will post 0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. DA Davidson initiated coverage on Pinterest in a research note on Wednesday, July 8th. They set a “buy” rating and a $26.00 target price for the company. Guggenheim reissued a “buy” rating and issued a $24.00 price target on shares of Pinterest in a report on Monday, June 15th. The Goldman Sachs Group restated a “buy” rating and set a $28.00 price objective on shares of Pinterest in a research report on Tuesday, May 5th. Stifel Nicolaus lifted their price objective on shares of Pinterest from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley boosted their target price on shares of Pinterest from $27.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $27.69.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 27,337 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $14,826,809.58. This trade represents a 3.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin Silbermann sold 46,875 shares of Pinterest stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25. Additional details regarding this sale are available in the official SEC disclosure. 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.

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.