Pinterest, Inc. $PINS Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 194.9% in the fourth quarter, Holdings Channel reports. The firm owned 424,856 shares of the company’s stock after buying an additional 280,780 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pinterest were worth $11,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PINS. Revolve Wealth Partners LLC purchased a new stake in Pinterest during the 4th quarter valued at approximately $252,000. Integrated Wealth Concepts LLC raised its stake 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 acquiring an additional 607 shares during the last quarter. Empowered Funds LLC raised its stake 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 acquiring an additional 4,748 shares during the last quarter. Sivia Capital Partners LLC raised its stake 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 acquiring an additional 2,649 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Pinterest during the 2nd quarter valued at approximately $696,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PINS has been the topic of several recent research reports. Guggenheim dropped their price objective on shares of Pinterest from $25.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Morgan Stanley dropped their price objective on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 25th. Evercore set a $25.00 price objective on shares of Pinterest and gave the company an “in-line” rating in a research note on Friday, February 13th. Citigroup cut shares of Pinterest from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $38.00 to $19.00 in a research note on Friday, February 13th. Finally, HSBC cut shares of Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price objective on the stock. in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Pinterest has an average rating of “Hold” and a consensus price target of $25.51.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director directly owned 27,450 shares of the company’s stock, valued at $549,000. This trade represents a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Malik Ducard sold 2,293 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $22.06, for a total transaction of $50,583.58. Following the transaction, the insider directly owned 695,187 shares of the company’s stock, valued at approximately $15,335,825.22. This trade represents a 0.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 5,443 shares of company stock valued at $113,584. Corporate insiders own 7.06% of the company’s stock.

Pinterest Stock Down 4.0%

NYSE:PINS opened at $19.80 on Friday. Pinterest, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $39.93. The stock has a market cap of $13.17 billion, a PE ratio of 32.45, a price-to-earnings-growth ratio of 1.34 and a beta of 0.88. The firm’s fifty day simple moving average is $18.37 and its 200-day simple moving average is $24.04.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts anticipate that Pinterest, Inc. will post 0.63 earnings per share for the current year.

Pinterest 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.