Quintet Private Bank Europe S.A. Takes Position in Pinterest, Inc. (NYSE:PINS)

Quintet Private Bank Europe S.A. acquired 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 and Exchange Commission. The fund acquired 43,357 shares of the company’s stock, valued at approximately $1,606,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in Pinterest in the 4th quarter worth about $27,000. Rakuten Securities Inc. acquired a new position in Pinterest in the 4th quarter worth about $30,000. Washington Trust Advisors Inc. raised its holdings in Pinterest by 46.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after purchasing an additional 326 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Pinterest during the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. increased its stake in Pinterest by 87.7% during the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company’s stock worth $44,000 after buying an additional 557 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Price Performance

Shares of NYSE PINS traded up $0.28 during mid-day trading on Friday, hitting $43.51. The company had a trading volume of 7,132,272 shares, compared to its average volume of 6,646,457. The company has a market capitalization of $29.72 billion, a PE ratio of 207.20, a price-to-earnings-growth ratio of 4.27 and a beta of 0.97. Pinterest, Inc. has a 1-year low of $23.59 and a 1-year high of $44.64. The business’s 50-day simple moving average is $39.11 and its 200 day simple moving average is $37.20.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. The firm had revenue of $739.98 million for the quarter, compared to analyst estimates of $699.96 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. On average, analysts expect that Pinterest, Inc. will post 0.44 EPS for the current year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total value of $81,711.50. Following the transaction, the director now owns 29,712 shares of the company’s stock, valued at $1,255,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Pinterest news, Director Jeffrey D. Jordan sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $35.08, for a total transaction of $701,600.00. Following the transaction, the director now owns 34,215 shares of the company’s stock, valued at $1,200,262.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $42.25, for a total value of $81,711.50. Following the transaction, the director now directly owns 29,712 shares in the company, valued at approximately $1,255,332. The disclosure for this sale can be found here. Insiders have sold 67,650 shares of company stock valued at $2,466,665 over the last quarter. 7.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on PINS. KeyCorp cut their price objective on Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Stifel Nicolaus upped their price target on Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Benchmark restated a “hold” rating on shares of Pinterest in a research report on Wednesday, May 1st. Citigroup upped their price target on Pinterest from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Piper Sandler restated an “overweight” rating and issued a $52.00 price target on shares of Pinterest in a research report on Friday. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average target price of $41.34.

About Pinterest

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.