Pinterest, Inc. $PINS Position Boosted by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. raised its stake in Pinterest, Inc. (NYSE:PINS) by 30.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 80,163 shares of the company’s stock after buying an additional 18,743 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Pinterest were worth $2,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC raised its holdings in shares of Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock worth $25,000 after acquiring an additional 506 shares in the last quarter. West Branch Capital LLC purchased a new stake in shares of Pinterest during the 2nd quarter worth about $36,000. Wellington Shields Capital Management LLC acquired a new stake in shares of Pinterest during the 2nd quarter valued at about $40,000. LRI Investments LLC grew its stake in shares of Pinterest by 97.7% in the 1st quarter. LRI Investments LLC now owns 1,374 shares of the company’s stock valued at $43,000 after buying an additional 679 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Pinterest by 138.9% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,586 shares of the company’s stock worth $57,000 after buying an additional 922 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the sale, the director owned 30,600 shares of the company’s stock, valued at $1,071,000. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 640,236 shares of company stock worth $22,878,326. Corporate insiders own 7.06% of the company’s stock.

Pinterest Stock Down 0.1%

PINS stock opened at $27.33 on Thursday. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $40.90. The company has a market cap of $18.58 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 1.61 and a beta of 0.96. The business’s 50-day simple moving average is $33.01 and its 200 day simple moving average is $33.88.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $665.93 million for the quarter. Pinterest had a return on equity of 8.20% and a net margin of 48.99%. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

PINS has been the subject of several analyst reports. BMO Capital Markets reduced their price objective on shares of Pinterest from $41.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Evercore ISI decreased their price target on Pinterest from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Roth Capital reduced their target price on Pinterest from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Morgan Stanley upgraded Pinterest from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $37.00 to $45.00 in a report on Monday, July 21st. Finally, Benchmark reduced their price objective on shares of Pinterest from $48.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and a consensus price target of $39.55.

Pinterest Profile

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.