Northwest & Ethical Investments L.P. Makes New $683,000 Investment in Pinterest, Inc. $PINS

Northwest & Ethical Investments L.P. bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,000 shares of the company’s stock, valued at approximately $683,000.

Several other large investors also recently made changes to their positions in the stock. Amundi raised its stake in shares of Pinterest by 618.9% in the 1st quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after acquiring an additional 12,271,958 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Pinterest by 25.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock valued at $988,662,000 after purchasing an additional 6,460,143 shares during the last quarter. Swedbank AB raised its position in shares of Pinterest by 344.0% in the first quarter. Swedbank AB now owns 5,839,485 shares of the company’s stock valued at $181,024,000 after purchasing an additional 4,524,433 shares during the period. Congress Asset Management Co. acquired a new stake in shares of Pinterest in the second quarter worth $82,516,000. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Pinterest during the 2nd quarter worth $71,221,000. Institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 74,047 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $26.89, for a total value of $1,991,123.83. Following the completion of the sale, the insider directly owned 301,214 shares in the company, valued at approximately $8,099,644.46. This trade represents a 19.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $34.85, for a total transaction of $795,311.85. Following the completion of the transaction, the chief financial officer directly owned 312,422 shares of the company’s stock, valued at approximately $10,887,906.70. This represents a 6.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 505,208 shares of company stock worth $17,450,914. 7.06% of the stock is currently owned by insiders.

Pinterest Stock Up 0.3%

NYSE:PINS opened at $25.60 on Friday. The firm has a market cap of $17.29 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 1.55 and a beta of 0.96. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The company’s 50-day moving average price is $30.63 and its two-hundred day moving average price is $33.73.

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

Analysts Set New Price Targets

Several brokerages recently commented on PINS. The Goldman Sachs Group dropped their target price on shares of Pinterest from $43.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. BMO Capital Markets lowered their price target on Pinterest from $41.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. Mizuho started coverage on Pinterest in a research report on Monday, September 29th. They set an “outperform” rating and a $50.00 price objective for the company. UBS Group decreased their target price on Pinterest from $51.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pinterest in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

Pinterest Company 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.