Pinterest, Inc. $PINS Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,121 shares of the company’s stock after acquiring an additional 6,572 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Pinterest were worth $8,539,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PINS. Revolve Wealth Partners LLC acquired a new stake in Pinterest during the fourth quarter worth about $252,000. GAMMA Investing LLC raised its stake in Pinterest by 107.3% during the first quarter. GAMMA Investing LLC now owns 2,216 shares of the company’s stock worth $69,000 after acquiring an additional 1,147 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Pinterest by 5.5% during the first quarter. Oppenheimer Asset Management Inc. now owns 20,242 shares of the company’s stock worth $628,000 after acquiring an additional 1,054 shares during the period. Oppenheimer & Co. Inc. raised its stake in Pinterest by 11.4% during the first quarter. Oppenheimer & Co. Inc. now owns 10,240 shares of the company’s stock worth $317,000 after acquiring an additional 1,051 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company’s stock worth $38,000 after acquiring an additional 1,058 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

PINS has been the topic of several research reports. Mizuho assumed coverage on shares of Pinterest in a research note on Monday, September 29th. They set an “outperform” rating and a $50.00 price objective on the stock. Citigroup restated a “buy” rating and issued a $50.00 price target (up previously from $44.00) on shares of Pinterest in a research note on Friday, August 8th. Sanford C. Bernstein raised their price target on shares of Pinterest from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company set a $42.00 price target on shares of Pinterest and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Finally, Barclays raised their price target on shares of Pinterest from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $42.67.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $35.28 on Tuesday. The stock has a market capitalization of $23.99 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 1.48 and a beta of 0.81. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The company has a 50 day moving average price of $34.49 and a 200 day moving average price of $33.51.

Pinterest (NYSE:PINS) last issued its earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $665.93 million during the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. On average, sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction that occurred on 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 $10,887,906.70. This represents a 6.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 640,236 shares of company stock valued at $22,878,326. 7.11% of the stock is currently owned by corporate insiders.

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.