Nykredit A S Invests $1.44 Million in Pinterest, Inc. $PINS

Key Points

• Nykredit A/S purchased 68,223 Pinterest shares in the second quarter, valued at approximately $1.44 million. Institutional investors collectively own 88.81% of PINS.
• Analyst sentiment is mixed but generally favorable: 18 analysts rate Pinterest a Buy and 19 a Hold, producing an average rating of “Hold” and a consensus price target of $27.90.
• Pinterest exceeded quarterly expectations, reporting $0.43 in EPS and $1.18 billion in revenue, with revenue up 18.2% year over year. Meanwhile, insiders sold 541,136 shares worth nearly $12 million during the quarter.

Nykredit A S bought a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 68,223 shares of the company's stock, valued at approximately $1,435,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. grew its holdings in shares of Pinterest by 30.5% in the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company's stock worth $694,082,000 after purchasing an additional 6,258,628 shares during the last quarter. Norges Bank purchased a new stake in Pinterest during the 4th quarter valued at $357,945,000. Geode Capital Management LLC grew its holdings in Pinterest by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 11,188,981 shares of the company's stock worth $288,872,000 after acquiring an additional 804,774 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Pinterest by 271.1% in the 1st quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company's stock worth $109,831,000 after acquiring an additional 4,375,000 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Pinterest by 15.4% in the first quarter. Bank of America Corp DE now owns 5,848,116 shares of the company's stock valued at $107,254,000 after acquiring an additional 779,998 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on PINS. Mizuho upped their price objective on shares of Pinterest from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Cantor Fitzgerald restated an "overweight" rating and set a $30.00 price target on shares of Pinterest in a report on Wednesday, August 5th. UBS Group upped their price target on Pinterest from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their price objective on Pinterest from $23.00 to $25.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley lifted their price objective on Pinterest from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Eighteen research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, Pinterest presently has an average rating of "Hold" and a consensus price target of $27.90.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 93,750 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total transaction of $2,009,062.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares of the company's stock, valued at $19,192,763.32. This represents a 6.74% decrease in their position. 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. In the last quarter, insiders sold 541,136 shares of company stock valued at $11,996,859. 8.09% of the stock is owned by corporate insiders.

Pinterest Stock Performance

Shares of PINS opened at $18.38 on Wednesday. The company has a 50-day simple moving average of $22.16 and a two-hundred day simple moving average of $20.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.81 and a quick ratio of 3.81. The firm has a market capitalization of $10.29 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 1.27 and a beta of 0.90. Pinterest, Inc. has a one year low of $13.84 and a one year high of $35.72.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.07. Pinterest had a return on equity of 7.49% and a net margin of 5.46%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The business's revenue for the quarter was up 18.2% on a year-over-year basis. On average, analysts anticipate that Pinterest, Inc. will post 0.58 EPS for the current fiscal year.

Pinterest Company Profile

Pinterest, Inc NYSE: PINS operates a visual discovery and planning platform that helps people find ideas and inspiration across categories such as home design, food, fashion, travel and hobbies. Users can discover, save and organize images, videos and other content into collections called boards, as well as share ideas with others.

The company also provides tools for merchants, creators and advertisers. Businesses can use Pinterest to showcase products, reach audiences through visual advertising and direct users to websites or online shopping experiences.

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