Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Pinterest, Inc. (NYSE:PINS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Pinterest, Inc. by 17.6% during the first quarter, now owning 273,711 shares valued at approximately $8.5 million.
• Several institutional investors, including Korea Investment CORP and Mitsubishi UFJ Trust & Banking Corp, have raised their holdings in Pinterest during the fourth quarter, indicating strong institutional interest in the stock.
• Pinterest's recent quarterly earnings showed a revenue increase of 15.5% year-over-year, although earnings per share missed the consensus estimate by $0.02.

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 273,711 shares of the company's stock after buying an additional 41,062 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Pinterest were worth $8,485,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD boosted its holdings in shares of Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock worth $737,533,000 after acquiring an additional 12,986,310 shares during the period. Ameriprise Financial Inc. lifted its stake in Pinterest by 49.7% during the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after purchasing an additional 4,527,902 shares during the last quarter. FMR LLC increased its holdings in shares of Pinterest by 2.6% in the fourth quarter. FMR LLC now owns 12,599,356 shares of the company's stock worth $365,381,000 after buying an additional 316,633 shares during the period. Norges Bank purchased a new position in shares of Pinterest in the fourth quarter worth about $358,205,000. Finally, Marshall Wace LLP increased its holdings in Pinterest by 134.1% during the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock valued at $310,352,000 after purchasing an additional 6,129,985 shares during the period. 88.81% of the stock is owned by institutional investors.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total value 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 $319,311.30. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 29,606 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the sale, the chief financial officer directly owned 362,890 shares of the company's stock, valued at approximately $12,428,982.50. This trade represents a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,502,611 shares of company stock valued at $51,602,943 over the last quarter. 7.11% of the stock is owned by corporate insiders.

Pinterest Stock Down 1.6%

Pinterest stock traded down $0.60 during midday trading on Tuesday, reaching $37.92. The company's stock had a trading volume of 2,921,570 shares, compared to its average volume of 11,656,330. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The company has a market cap of $25.72 billion, a P/E ratio of 13.88, a P/E/G ratio of 1.90 and a beta of 0.94. The business has a 50-day simple moving average of $34.78 and a 200-day simple moving average of $32.67.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $848.49 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm's quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wedbush upped their price target on Pinterest from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Thursday, July 17th. JPMorgan Chase & Co. raised Pinterest from a "neutral" rating to an "overweight" rating and increased their price target for the company from $35.00 to $40.00 in a report on Tuesday, June 3rd. Citigroup restated a "buy" rating and issued a $44.00 price objective (up from $41.00) on shares of Pinterest in a research note on Tuesday, June 24th. UBS Group increased their price target on Pinterest from $44.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Monness Crespi & Hardt cut their price objective on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.81.

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.