Ilmarinen Mutual Pension Insurance Co Has $16.58 Million Stock Holdings in Pinterest, Inc. $PINS

Ilmarinen Mutual Pension Insurance Co grew its position in Pinterest, Inc. (NYSE:PINS) by 359.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 640,569 shares of the company’s stock after purchasing an additional 501,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Pinterest were worth $16,584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PINS. Envestnet Asset Management Inc. increased its stake in Pinterest by 30.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,036,157 shares of the company’s stock worth $33,333,000 after purchasing an additional 241,527 shares in the last quarter. Yousif Capital Management LLC increased its stake in Pinterest by 2,298.3% during the 4th quarter. Yousif Capital Management LLC now owns 185,170 shares of the company’s stock worth $4,701,000 after purchasing an additional 177,449 shares in the last quarter. Peak Retirement Planning Inc. bought a new stake in Pinterest during the 3rd quarter worth approximately $1,850,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Pinterest by 114.7% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 231,964 shares of the company’s stock worth $7,462,000 after purchasing an additional 123,900 shares in the last quarter. Finally, Wesbanco Bank Inc. bought a new stake in Pinterest during the 3rd quarter worth approximately $2,280,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,200 shares of company stock worth $84,000. 8.09% of the stock is owned by company insiders.

Pinterest Price Performance

Shares of PINS opened at $20.67 on Friday. The stock has a market capitalization of $11.58 billion, a P/E ratio of 43.06, a P/E/G ratio of 1.07 and a beta of 0.93. Pinterest, Inc. has a twelve month low of $13.84 and a twelve month high of $39.93. The company has a 50 day moving average of $19.36 and a 200-day moving average of $21.98. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.69 EPS for the current fiscal year.

Pinterest News Roundup

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Zacks highlighted Pinterest as a top long-term value stock, which may be helping support shares by reinforcing the bull case for patient investors. Article Title
• Positive Sentiment: Investor-interest articles and broader coverage suggest Pinterest remains a widely watched name, which can keep trading activity elevated around the stock. Article Title
• Neutral Sentiment: Director Gokul Rajaram sold 1,050 shares in a pre-arranged Rule 10b5-1 transaction. While routine, insider selling can still make some investors cautious. Article Title
• Negative Sentiment: Multiple law firms continued to publicize securities-fraud class action deadlines against Pinterest ahead of the May 29 lead-plaintiff cutoff, keeping legal uncertainty in focus for shareholders. Article Title

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Loop Capital cut Pinterest from a “buy” rating to a “hold” rating and lowered their target price for the stock from $45.00 to $18.00 in a research note on Friday, February 13th. Morgan Stanley boosted their price target on Pinterest from $27.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on Pinterest from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Citigroup boosted their price target on Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald set a $18.00 price target on Pinterest in a report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Pinterest presently has an average rating of “Hold” and an average target price of $27.40.

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.