B. Metzler seel. Sohn & Co. AG decreased its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 78.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,337 shares of the company's stock after selling 51,580 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Pinterest were worth $371,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Snowden Capital Advisors LLC increased its position in Pinterest by 4.4% during the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company's stock worth $253,000 after buying an additional 296 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of Pinterest by 3.9% in the second quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company's stock valued at $340,000 after purchasing an additional 358 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Pinterest by 46.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company's stock valued at $42,000 after purchasing an additional 419 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Pinterest by 3.5% in the third quarter. Resonant Capital Advisors LLC now owns 12,751 shares of the company's stock valued at $410,000 after purchasing an additional 433 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Pinterest by 0.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 88,297 shares of the company's stock valued at $2,841,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.
Key Stories Impacting Pinterest
Here are the key news stories impacting Pinterest this week:
Insiders Place Their Bets
In related news, Director Gokul Rajaram sold 2,100 shares of the company's stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total transaction of $42,000.00. Following the transaction, the director owned 27,450 shares of the company's stock, valued at $549,000. This represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Malik Ducard sold 2,293 shares of the company's stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the transaction, the insider directly owned 695,187 shares in the company, valued at $15,335,825.22. This represents a 0.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,443 shares of company stock worth $113,584 in the last ninety days. 8.09% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on PINS shares. Robert W. Baird reissued a "neutral" rating and issued a $20.00 target price (down from $35.00) on shares of Pinterest in a report on Friday, February 13th. Guggenheim dropped their target price on Pinterest from $25.00 to $21.00 and set a "buy" rating on the stock in a report on Wednesday, April 1st. Piper Sandler reissued a "neutral" rating and issued a $21.00 target price (down from $33.00) on shares of Pinterest in a report on Friday, February 13th. Evercore set a $25.00 target price on Pinterest and gave the company an "in-line" rating in a report on Friday, February 13th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $23.00 target price on shares of Pinterest in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Pinterest has a consensus rating of "Hold" and an average price target of $25.43.
Get Our Latest Report on Pinterest
Pinterest Price Performance
Shares of PINS stock opened at $20.31 on Tuesday. The business's fifty day moving average price is $18.56 and its 200 day moving average price is $23.77. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The firm has a market capitalization of $13.51 billion, a PE ratio of 33.29, a P/E/G ratio of 1.34 and a beta of 0.88.
Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company earned $0.56 EPS. The company's revenue was up 14.3% on a year-over-year basis. Equities research analysts expect that Pinterest, Inc. will post 0.64 earnings per share for the current fiscal year.
About Pinterest
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINS - Free Report).

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