RD Finance Ltd Makes New Investment in Pinterest, Inc. (NYSE:PINS)

Key Points

• RD Finance Ltd has acquired 32,150 shares of Pinterest, valued at approximately $997,000, making it the 24th largest holding in its portfolio.
• Institutional investors and hedge funds own about 88.81% of Pinterest's stock, with significant increases in holdings from firms like Price T Rowe Associates and Ameriprise Financial.
• Pinterest's recent earnings report showed an EPS of $0.23, missing estimates by $0.02, but revenue increased by 15.5% compared to last year.

RD Finance Ltd purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 32,150 shares of the company's stock, valued at approximately $997,000. Pinterest comprises about 0.8% of RD Finance Ltd's investment portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of PINS. Janney Montgomery Scott LLC raised its position in Pinterest by 73.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 89,034 shares of the company's stock worth $2,760,000 after buying an additional 37,829 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Pinterest during the 1st quarter worth about $235,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Pinterest during the 1st quarter worth about $261,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Pinterest by 21.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 112,201 shares of the company's stock worth $3,478,000 after purchasing an additional 19,552 shares during the last quarter. Finally, Revolve Wealth Partners LLC purchased a new position in shares of Pinterest during the 4th quarter worth about $252,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity

In other news, Director Benjamin Silbermann sold 408,332 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the completion of the transaction, the director owned 6,274 shares of the company's stock, valued at approximately $208,045.84. The trade was a 98.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 1,502,611 shares of company stock worth $51,602,943 over the last three months. Insiders own 7.06% of the company's stock.

Pinterest Stock Performance

Shares of PINS stock traded down $0.86 during mid-day trading on Friday, reaching $37.74. 8,889,949 shares of the company were exchanged, compared to its average volume of 11,667,130. The company has a market capitalization of $25.60 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.92 and a beta of 0.94. The business's 50 day simple moving average is $35.16 and its 200 day simple moving average is $32.81. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a net margin of 50.41% and a return on equity of 8.13%. The firm had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same period last year, the firm posted $0.17 EPS. The business's revenue was up 15.5% compared to the same quarter last year. On average, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

PINS has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Oppenheimer increased their price objective on shares of Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Morgan Stanley upgraded shares of Pinterest from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $37.00 to $45.00 in a report on Monday, July 21st. Guggenheim restated a "buy" rating on shares of Pinterest in a report on Monday. Finally, Wells Fargo & Company set a $42.00 price target on shares of Pinterest and gave the company an "overweight" rating in a report on Tuesday, July 1st. Five research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.48.

Pinterest Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.