UNICOM Systems Inc. Makes New $9.71 Million Investment in Pinterest, Inc. $PINS

UNICOM Systems Inc. purchased a new stake in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 375,000 shares of the company’s stock, valued at approximately $9,709,000. Pinterest accounts for about 0.9% of UNICOM Systems Inc.’s holdings, making the stock its 17th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Snowden Capital Advisors LLC lifted its stake in shares of Pinterest by 4.4% in the second quarter. Snowden Capital Advisors LLC now owns 7,046 shares of the company’s stock worth $253,000 after acquiring an additional 296 shares during the period. EP Wealth Advisors LLC raised its holdings in Pinterest by 3.9% during the 2nd quarter. EP Wealth Advisors LLC now owns 9,483 shares of the company’s stock worth $340,000 after purchasing an additional 358 shares during the last quarter. Dynamic Wealth Strategies LLC lifted its position in shares of Pinterest by 5.8% in the 2nd quarter. Dynamic Wealth Strategies LLC now owns 6,596 shares of the company’s stock worth $237,000 after purchasing an additional 361 shares during the period. GAMMA Investing LLC lifted its position in shares of Pinterest by 22.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,143 shares of the company’s stock worth $69,000 after purchasing an additional 389 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Pinterest by 46.0% in the 3rd 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 last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Down 1.0%

Shares of PINS opened at $17.77 on Friday. The business’s fifty day moving average is $19.65 and its 200 day moving average is $26.02. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93. The stock has a market cap of $11.82 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.16 and a beta of 0.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.33 billion. Pinterest had a net margin of 9.87% and a return on equity of 7.95%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 EPS. On average, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PINS shares. Benchmark lowered their target price on shares of Pinterest from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Citigroup downgraded Pinterest from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $38.00 to $19.00 in a report on Friday, February 13th. Stifel Nicolaus dropped their price objective on Pinterest from $40.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Zacks Research raised Pinterest from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Finally, Roth Mkm dropped their price target on Pinterest from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $25.61.

Insider Activity

In other news, insider Malik Ducard sold 2,293 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $22.06, for a total transaction of $50,583.58. Following the completion of the sale, the insider directly owned 695,187 shares of the company’s stock, valued at $15,335,825.22. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 5,636 shares of company stock worth $131,614 in the last ninety days. 7.06% of the stock is owned by company insiders.

About Pinterest

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.