Livforsakringsbolaget Skandia Omsesidigt Sells 301,600 Shares of Pinterest, Inc. $PINS

Livforsakringsbolaget Skandia Omsesidigt reduced its position in Pinterest, Inc. (NYSE:PINS) by 98.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,200 shares of the company’s stock after selling 301,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Pinterest were worth $77,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PINS. Yousif Capital Management LLC lifted its holdings in shares of Pinterest by 2,298.3% in the fourth quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after acquiring an additional 177,449 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Pinterest by 61.2% in the 4th quarter. Forsta AP Fonden now owns 397,400 shares of the company’s stock valued at $10,289,000 after purchasing an additional 150,900 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Pinterest during the 4th quarter valued at approximately $12,812,000. KLP Kapitalforvaltning AS increased its position in Pinterest by 103.4% during the 4th quarter. KLP Kapitalforvaltning AS now owns 838,500 shares of the company’s stock worth $21,709,000 after purchasing an additional 426,300 shares in the last quarter. Finally, Freemont Management S.A. acquired a new position in Pinterest during the 4th quarter worth approximately $2,540,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $22.63, for a total transaction of $1,060,781.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of Pinterest stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $20.46, for a total value of $559,315.02. Following the transaction, the insider directly owned 724,673 shares in the company, valued at $14,826,809.58. The trade was a 3.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 323,845 shares of company stock worth $6,836,065. 8.09% of the stock is owned by company insiders.

Pinterest Stock Up 4.7%

NYSE:PINS opened at $23.68 on Thursday. The firm’s 50 day simple moving average is $20.87 and its 200 day simple moving average is $20.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. Pinterest, Inc. has a one year low of $13.84 and a one year high of $39.93. The company has a market cap of $13.26 billion, a PE ratio of 49.33, a P/E/G ratio of 1.28 and a beta of 0.89.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue was up 17.8% on a year-over-year basis. On average, research analysts anticipate that Pinterest, Inc. will post 0.66 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on PINS. Mizuho raised their target price on shares of Pinterest from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Oppenheimer upped their price target on shares of Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Stifel Nicolaus increased their price target on Pinterest from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. DA Davidson assumed coverage on Pinterest in a report on Wednesday, July 8th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Rosenblatt Securities boosted their price objective on Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.42.

Pinterest Company Profile

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.