ASR Vermogensbeheer N.V. Invests $1.10 Million in Pinterest, Inc. (NYSE:PINS)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Pinterest, Inc. with 35,456 shares valued at approximately $1,099,000.
• Institutional investors now own 88.81% of Pinterest's stock, with several funds, including Vanguard and Price T Rowe Associates, increasing their holdings significantly.
• Pinterest's stock recently experienced a 10.2% decline and reported earnings of $0.33 per share, slightly missing analysts' expectations.

ASR Vermogensbeheer N.V. bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 35,456 shares of the company's stock, valued at approximately $1,099,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PINS. Bartlett & CO. Wealth Management LLC acquired a new position in Pinterest in the first quarter valued at about $25,000. Garde Capital Inc. acquired a new position in Pinterest in the first quarter valued at about $26,000. NBC Securities Inc. raised its stake in 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 purchasing an additional 999 shares in the last quarter. American National Bank & Trust bought a new position in Pinterest in the first quarter valued at about $32,000. Finally, Golden State Wealth Management LLC grew 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 valued at $38,000 after acquiring an additional 1,058 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Up 2.2%

PINS traded up $0.76 during trading on Wednesday, hitting $35.57. The company's stock had a trading volume of 4,794,586 shares, compared to its average volume of 11,924,643. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The stock's fifty day moving average price is $36.09 and its 200-day moving average price is $33.16. The firm has a market capitalization of $24.12 billion, a P/E ratio of 12.76, a PEG ratio of 1.69 and a beta of 0.78.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $998.23 million during the quarter, compared to analyst estimates of $973.42 million. During the same period last year, the firm posted $0.29 earnings per share. Pinterest's quarterly revenue was up 16.9% compared to the same quarter last year. Equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $32.13, for a total transaction of $3,279,926.79. Following the transaction, the director directly owned 6,274 shares of the company's stock, valued at $201,583.62. This represents a 94.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 1,094,279 shares of company stock worth $38,062,654 over the last quarter. 7.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PINS. JPMorgan Chase & Co. upgraded Pinterest from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Wall Street Zen upgraded Pinterest from a "hold" rating to a "buy" rating in a research report on Saturday. Benchmark lifted their target price on Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, BMO Capital Markets decreased their target price on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $42.40.

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.