DekaBank Deutsche Girozentrale Increases Holdings in Pinterest, Inc. (NYSE:PINS)

DekaBank Deutsche Girozentrale increased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 16.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 769,869 shares of the company’s stock after purchasing an additional 110,387 shares during the period. DekaBank Deutsche Girozentrale owned 0.11% of Pinterest worth $34,582,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PINS. Wellington Shields Capital Management LLC purchased a new position in shares of Pinterest during the 2nd quarter valued at $26,000. Hexagon Capital Partners LLC boosted its stake in Pinterest by 157.7% during the second quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares during the period. GAMMA Investing LLC grew its position in Pinterest by 113.4% during the second quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock worth $34,000 after buying an additional 405 shares in the last quarter. Rothschild Investment LLC bought a new position in Pinterest in the 2nd quarter worth about $35,000. Finally, Quent Capital LLC raised its holdings in shares of Pinterest by 71.2% in the 1st quarter. Quent Capital LLC now owns 1,106 shares of the company’s stock valued at $38,000 after acquiring an additional 460 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Price Performance

PINS stock opened at $28.86 on Friday. Pinterest, Inc. has a 1 year low of $23.59 and a 1 year high of $45.19. The firm has a 50-day moving average of $33.86 and a 200 day moving average of $36.96. The company has a market cap of $19.80 billion, a P/E ratio of 137.44, a PEG ratio of 3.26 and a beta of 1.00.

Pinterest (NYSE:PINS) last announced its earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.01. The firm had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.04) EPS. On average, equities research analysts expect that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on PINS shares. Citigroup decreased their price objective on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. KeyCorp lowered their price objective on shares of Pinterest from $45.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Raymond James cut their target price on shares of Pinterest from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Evercore ISI lowered their price target on Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group upped their price objective on Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and an average price target of $42.50.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 30,280 shares of Pinterest stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the completion of the transaction, the chief financial officer now directly owns 362,822 shares of the company’s stock, valued at approximately $16,102,040.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CAO Andrea Acosta sold 2,564 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $45.00, for a total transaction of $115,380.00. Following the completion of the transaction, the chief accounting officer now directly owns 186,906 shares in the company, valued at $8,410,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the completion of the transaction, the chief financial officer now owns 362,822 shares in the company, valued at approximately $16,102,040.36. The disclosure for this sale can be found here. Insiders own 7.11% of the company’s stock.

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.