Andar Capital Management HK Ltd Makes New Investment in Pinterest, Inc. (NYSE:PINS)

Key Points

• Andar Capital Management HK Ltd invested approximately $2.98 million in Pinterest, purchasing 96,000 shares, which now make up 5.7% of their investment portfolio.
• Pinterest's stock has experienced a 2.2% decline recently, with a current trading price of $37.76 and a market capitalization of $25.61 billion.
• After reporting quarterly earnings that missed expectations, Pinterest had an earnings per share (EPS) of $0.23, which is below the consensus estimate of $0.25, although revenue was up by 15.5% year-over-year.

Andar Capital Management HK Ltd purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 96,000 shares of the company's stock, valued at approximately $2,976,000. Pinterest makes up 5.7% of Andar Capital Management HK Ltd's holdings, making the stock its 8th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new position in shares of Pinterest in the first quarter valued at $25,000. Garde Capital Inc. acquired a new stake in shares of Pinterest in the first quarter valued at $26,000. NBC Securities Inc. increased its stake in shares of Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after buying an additional 999 shares in the last quarter. American National Bank & Trust acquired a new stake in Pinterest in the first quarter worth about $32,000. Finally, Golden State Wealth Management LLC increased its position in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after purchasing an additional 1,058 shares during the period. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

Shares of PINS stock traded down $0.84 on Friday, hitting $37.76. The company had a trading volume of 11,842,533 shares, compared to its average volume of 8,226,086. The firm has a market cap of $25.61 billion, a P/E ratio of 13.78, a P/E/G ratio of 1.89 and a beta of 0.78. The stock's 50-day moving average is $35.30 and its two-hundred day moving average is $32.88. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.23 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 business had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same quarter in the previous year, the company earned $0.17 EPS. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. Equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the completion of the sale, the director directly owned 8,414 shares of the company's stock, valued at approximately $319,311.30. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Matthew Madrigal sold 20,000 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $38.58, for a total value of $771,600.00. Following the sale, the chief technology officer directly owned 428,823 shares of the company's stock, valued at $16,543,991.34. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,502,611 shares of company stock valued at $51,602,943. Company insiders own 7.11% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Monness Crespi & Hardt reduced their target price on Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Citigroup reissued a "buy" rating and issued a $44.00 target price (up previously from $41.00) on shares of Pinterest in a research report on Tuesday, June 24th. The Goldman Sachs Group lowered their price target on Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Finally, Wolfe Research raised Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a report on Thursday, May 15th. Five investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.48.

Pinterest Company 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.