Amundi Grows Stock Position in Pinterest, Inc. $PINS

Amundi grew its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 38.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,200,829 shares of the company's stock after acquiring an additional 885,927 shares during the quarter. Amundi owned 0.57% of Pinterest worth $58,703,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Elevated Capital Advisors LLC acquired a new stake in shares of Pinterest during the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in Pinterest by 2,017.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company's stock worth $29,000 after buying an additional 1,049 shares during the period. Addison Advisors LLC increased its holdings in Pinterest by 727.3% in the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company's stock worth $35,000 after buying an additional 1,200 shares during the period. Garner Asset Management Corp purchased a new position in Pinterest during the 4th quarter worth approximately $36,000. Finally, Summit Securities Group LLC purchased a new position in Pinterest during the 1st quarter worth approximately $43,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $22.54, for a total transaction of $1,056,562.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total value of $279,187.20. Following the transaction, the insider directly owned 691,840 shares of the company's stock, valued at $13,594,656. The trade was a 2.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 370,720 shares of company stock valued at $7,892,627 in the last three months. Corporate insiders own 8.09% of the company's stock.

Pinterest Stock Up 0.4%

Shares of PINS opened at $24.11 on Monday. The firm has a market cap of $13.50 billion, a P/E ratio of 50.23, a PEG ratio of 1.42 and a beta of 0.89. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93. The stock's 50 day moving average is $21.70 and its two-hundred day moving average is $20.53. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $965.84 million. During the same period in the prior year, the company posted $0.23 EPS. The business's quarterly revenue was up 17.8% on a year-over-year basis. Analysts predict that Pinterest, Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PINS. Citigroup raised their target price on shares of Pinterest from $19.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, May 5th. Wall Street Zen downgraded Pinterest from a "buy" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company lifted their price objective on Pinterest from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Tuesday, July 7th. Robert W. Baird upped their target price on Pinterest from $20.00 to $24.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley raised their target price on Pinterest from $27.00 to $30.00 and gave the stock an "overweight" rating in a report on Tuesday, May 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Pinterest has a consensus rating of "Hold" and an average price target of $27.69.

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.

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