Temasek Holdings Private Ltd Makes New Investment in Pinterest, Inc. (NYSE:PINS)

Temasek Holdings Private Ltd bought a new position in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 818,269 shares of the company’s stock, valued at approximately $23,730,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in Pinterest by 104.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after buying an additional 12,986,310 shares during the period. Norges Bank bought a new stake in Pinterest during the 4th quarter valued at $358,205,000. Marshall Wace LLP lifted its position in shares of Pinterest by 134.1% during the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock worth $310,352,000 after acquiring an additional 6,129,985 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock worth $395,441,000 after acquiring an additional 4,527,902 shares during the period. Finally, Contour Asset Management LLC bought a new position in shares of Pinterest in the fourth quarter worth $86,330,000. Institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the topic of a number of analyst reports. TD Cowen decreased their price objective on Pinterest from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets decreased their price target on Pinterest from $46.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Guggenheim lowered their price target on shares of Pinterest from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Wells Fargo & Company reduced their price objective on shares of Pinterest from $47.00 to $42.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Finally, Raymond James lowered shares of Pinterest from an “overweight” rating to a “market perform” rating in a report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $40.26.

Pinterest Stock Up 1.0%

Shares of NYSE:PINS opened at $32.56 on Friday. The stock has a market cap of $22.08 billion, a PE ratio of 12.10, a PEG ratio of 1.95 and a beta of 0.83. The company’s fifty day moving average is $28.74 and its 200 day moving average is $31.22. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to analysts’ expectations of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total value of $31,050.00. Following the completion of the sale, the director now owns 26,786 shares in the company, valued at approximately $723,222. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 862,168 shares of company stock valued at $28,368,681 over the last three months. 7.06% of the stock is owned by company insiders.

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.