MASTERINVEST Kapitalanlage GmbH Acquires New Position in Pinterest, Inc. $PINS

MASTERINVEST Kapitalanlage GmbH bought a new position in Pinterest, Inc. (NYSE:PINS) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,658 shares of the company’s stock, valued at approximately $1,135,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PINS. Golden State Wealth Management LLC grew its holdings in shares of Pinterest by 282.7% during the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after buying an additional 506 shares during the last quarter. West Branch Capital LLC bought a new position in Pinterest in the 2nd quarter valued at approximately $36,000. Wellington Shields Capital Management LLC purchased a new stake in Pinterest during the 2nd quarter valued at $40,000. Newbridge Financial Services Group Inc. purchased a new stake in Pinterest during the 2nd quarter valued at $45,000. Finally, SVB Wealth LLC bought a new stake in shares of Pinterest in the 1st quarter worth $56,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Down 3.5%

Pinterest stock opened at $25.93 on Monday. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The company has a market cap of $17.52 billion, a P/E ratio of 9.00, a P/E/G ratio of 1.65 and a beta of 0.89. The business has a 50-day simple moving average of $29.20 and a two-hundred day simple moving average of $33.36.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $665.93 million for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. Research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total value of $3,558,613.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Donnelly Julia Brau sold 22,821 shares of Pinterest stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.85, for a total value of $795,311.85. Following the transaction, the chief financial officer owned 312,422 shares in the company, valued at $10,887,906.70. This trade represents a 6.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 301,042 shares of company stock worth $10,087,667 in the last 90 days. 7.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PINS. Morgan Stanley lowered their price target on Pinterest from $41.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Monness Crespi & Hardt lowered Pinterest from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 5th. Guggenheim lowered their target price on shares of Pinterest from $44.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. BMO Capital Markets dropped their price target on shares of Pinterest from $41.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Pinterest from $44.00 to $36.00 and set an “overweight” rating for the company in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.97.

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.