Swiss Life Asset Management Ltd Cuts Holdings in Pinterest, Inc. $PINS

Swiss Life Asset Management Ltd decreased its position in shares of Pinterest, Inc. (NYSE:PINSFree Report) by 62.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,144 shares of the company’s stock after selling 116,466 shares during the period. Swiss Life Asset Management Ltd’s holdings in Pinterest were worth $1,790,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PINS. Revolve Wealth Partners LLC bought a new position in shares of Pinterest during the 4th quarter valued at approximately $252,000. Integrated Wealth Concepts LLC raised its holdings in Pinterest by 5.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock valued at $339,000 after buying an additional 607 shares during the period. Empowered Funds LLC raised its holdings in Pinterest by 45.6% during the 1st quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock valued at $470,000 after buying an additional 4,748 shares during the period. Sivia Capital Partners LLC raised its holdings in Pinterest by 39.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after buying an additional 2,649 shares during the period. Finally, Jump Financial LLC purchased a new stake in Pinterest during the 2nd quarter valued at $696,000. 88.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Cowen upped their price target on shares of Pinterest from $36.00 to $38.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Citigroup boosted their price objective on Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Oppenheimer lifted their price objective on shares of Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Benchmark decreased their price objective on shares of Pinterest from $34.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Bank of America reiterated a “neutral” rating and set a $19.00 price objective (down from $39.00) on shares of Pinterest in a report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Pinterest currently has an average rating of “Hold” and an average price target of $27.40.

Check Out Our Latest Stock Report on Pinterest

Pinterest Stock Performance

Shares of PINS stock opened at $19.50 on Friday. The firm has a market cap of $10.92 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 1.03 and a beta of 0.93. The company’s 50 day moving average is $19.29 and its 200 day moving average is $22.79. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 52-week low of $13.84 and a 52-week high of $39.93.

Pinterest (NYSE:PINSGet Free Report) last posted its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.Pinterest’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.68 EPS for the current fiscal year.

Pinterest News Summary

Here are the key news stories impacting Pinterest this week:

Insiders Place Their Bets

In other Pinterest 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 completion of the sale, the director owned 27,450 shares in the company, valued at $549,000. This represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 8.09% of the stock is currently owned by corporate insiders.

Pinterest Company Profile

(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.

Read More

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:PINSFree Report).

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.