Pinterest, Inc. $PINS Stock: Robeco Institutional Asset Management B.V. Lowers Holdings

Robeco Institutional Asset Management B.V. cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 29.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,782,342 shares of the company’s stock after selling 1,559,571 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Pinterest were worth $71,448,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Renaissance Technologies LLC boosted its stake in shares of Pinterest by 271.1% during the first quarter. Renaissance Technologies LLC now owns 5,988,631 shares of the company’s stock valued at $109,831,000 after purchasing an additional 4,375,000 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Pinterest by 15.4% in the 1st quarter. Bank of America Corp DE now owns 5,848,116 shares of the company’s stock valued at $107,254,000 after purchasing an additional 779,998 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Pinterest by 300.4% during the third quarter. Assenagon Asset Management S.A. now owns 4,398,316 shares of the company’s stock valued at $83,084,000 after acquiring an additional 3,299,884 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Pinterest by 11.1% in the 1st quarter. Bank of New York Mellon Corp now owns 4,014,388 shares of the company’s stock valued at $73,624,000 after purchasing an additional 401,619 shares during the period. Finally, Senvest Management LLC lifted its stake in shares of Pinterest by 5.1% in the 1st quarter. Senvest Management LLC now owns 3,594,581 shares of the company’s stock valued at $65,925,000 after purchasing an additional 175,000 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Benjamin Silbermann sold 93,750 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $21.43, for a total transaction of $2,009,062.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Julia Donnelly sold 59,096 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $23.48, for a total transaction of $1,387,574.08. Following the transaction, the chief financial officer directly owned 817,409 shares in the company, valued at $19,192,763.32. The trade was a 6.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 692,877 shares of company stock worth $14,733,501 over the last ninety days. Insiders own 8.09% of the company’s stock.

Pinterest Stock Up 0.1%

PINS stock opened at $22.96 on Friday. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $35.42. The company has a quick ratio of 3.81, a current ratio of 3.81 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $20.90 and its 200-day moving average is $21.09. The firm has a market capitalization of $12.86 billion, a PE ratio of 67.54, a P/E/G ratio of 1.63 and a beta of 0.90.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Pinterest had a return on equity of 7.49% and a net margin of 5.46%. Pinterest’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.33 earnings per share. Sell-side analysts expect that Pinterest, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PINS has been the topic of several research analyst reports. Morgan Stanley increased their target price on shares of Pinterest from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Evercore boosted their price target on shares of Pinterest from $27.00 to $29.00 and gave the company an “in-line” rating in a research note on Wednesday, August 5th. Phillip Securities upgraded shares of Pinterest to a “strong-buy” rating in a report on Monday. DA Davidson raised their price objective on shares of Pinterest from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Citigroup raised their price objective on shares of Pinterest from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $27.90.

About Pinterest

Pinterest, Inc (NYSE: PINS) operates a visual discovery platform that helps people find ideas and inspiration for activities such as home improvement, cooking, fashion, travel and event planning. Users can discover, save and organize images and videos—known as Pins—on personalized boards and explore recommendations based on their interests.

The company also provides tools for businesses and creators to showcase products and content on the platform. Its advertising business includes promoted Pins and other advertising formats designed to help marketers reach users while they are discovering ideas, researching products and planning purchases.