Vontobel Holding Ltd. Buys 12,577 Shares of Pinterest, Inc. $PINS

Vontobel Holding Ltd. raised its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 39.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,189 shares of the company's stock after buying an additional 12,577 shares during the quarter. Vontobel Holding Ltd.'s holdings in Pinterest were worth $1,585,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of PINS. Amundi lifted its stake in Pinterest by 618.9% in the first quarter. Amundi now owns 14,254,741 shares of the company's stock valued at $441,897,000 after buying an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Pinterest by 25.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company's stock valued at $988,662,000 after buying an additional 6,460,143 shares in the last quarter. Swedbank AB lifted its stake in Pinterest by 344.0% in the first quarter. Swedbank AB now owns 5,839,485 shares of the company's stock valued at $181,024,000 after buying an additional 4,524,433 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Pinterest by 4,673.9% in the first quarter. Pacer Advisors Inc. now owns 2,531,741 shares of the company's stock valued at $78,484,000 after buying an additional 2,478,708 shares in the last quarter. Finally, Congress Asset Management Co. bought a new position in Pinterest in the second quarter valued at approximately $82,516,000. Institutional investors own 88.81% of the company's stock.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of recent research reports. Benchmark lifted their price objective on shares of Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Wall Street Zen downgraded shares of Pinterest from a "buy" rating to a "hold" rating in a report on Saturday, October 4th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Tuesday, September 2nd. Sanford C. Bernstein lifted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, UBS Group lifted their price objective on shares of Pinterest from $50.00 to $51.00 and gave the company a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and a consensus target price of $42.67.

Insiders Place Their Bets

In other news, CTO Matthew Madrigal sold 20,000 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $38.58, for a total value of $771,600.00. Following the completion of the sale, the chief technology officer owned 428,823 shares of the company's stock, valued at approximately $16,543,991.34. The trade was a 4.46% 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, CFO Donnelly Julia Brau sold 22,821 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total transaction of $795,311.85. Following the completion of the sale, the chief financial officer directly owned 312,422 shares of the company's stock, valued at approximately $10,887,906.70. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 865,552 shares of company stock valued at $31,242,397 over the last ninety days. 7.06% of the stock is currently owned by company insiders.

Pinterest Price Performance

PINS stock opened at $30.42 on Friday. The company has a fifty day moving average price of $35.26 and a two-hundred day moving average price of $33.11. Pinterest, Inc. has a one year low of $23.68 and a one year high of $40.90. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $665.93 million during the quarter. Research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.

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