Lingohr Asset Management GmbH Has $2.54 Million Position in Pinterest, Inc. $PINS

Lingohr Asset Management GmbH grew its stake in Pinterest, Inc. (NYSE:PINSFree Report) by 1,151.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,000 shares of the company’s stock after acquiring an additional 72,687 shares during the quarter. Lingohr Asset Management GmbH’s holdings in Pinterest were worth $2,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PINS. Golden State Wealth Management LLC increased its stake in Pinterest by 282.7% in the second quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after purchasing an additional 506 shares in the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of Pinterest by 505.7% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock valued at $27,000 after buying an additional 713 shares during the period. Wellington Shields Capital Management LLC bought a new stake in shares of Pinterest in the 2nd quarter valued at $40,000. Newbridge Financial Services Group Inc. acquired a new stake in Pinterest during the 2nd quarter worth $45,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Pinterest by 46.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock worth $42,000 after acquiring an additional 419 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Key Stories Impacting Pinterest

Here are the key news stories impacting Pinterest this week:

Insider Activity at Pinterest

In other Pinterest news, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $155,160.00. Following the completion of the transaction, the insider directly owned 699,773 shares in the company, valued at $18,096,129.78. This trade represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wanjiku Juanita Walcott sold 74,047 shares of the business’s stock in a transaction that occurred 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 transaction, the insider directly owned 301,214 shares in the company, valued at $8,099,644.46. This trade represents a 19.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 105,161 shares of company stock valued at $2,796,466. Insiders own 7.06% of the company’s stock.

Analyst Ratings Changes

PINS has been the subject of several recent analyst reports. Barclays lowered their price target on Pinterest from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Monness Crespi & Hardt cut Pinterest from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 5th. Benchmark dropped their target price on shares of Pinterest from $48.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Pinterest in a report on Monday, December 29th. Finally, Wolfe Research set a $33.00 price objective on shares of Pinterest and gave the stock an “outperform” rating in a research report on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and an average target price of $38.00.

Read Our Latest Research Report on PINS

Pinterest Stock Down 1.1%

NYSE PINS opened at $22.11 on Friday. The firm’s 50 day moving average is $26.03 and its 200-day moving average is $31.23. The company has a market capitalization of $14.94 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.06 and a beta of 0.91. Pinterest, Inc. has a 12-month low of $21.83 and a 12-month high of $40.90.

Pinterest (NYSE:PINSGet Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). Pinterest had a return on equity of 8.20% and a net margin of 48.99%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

About Pinterest

(Free Report)

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.

See Also

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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