Pinterest, Inc. (NYSE:PINS) Stake Decreased by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd lessened its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,519 shares of the company’s stock after selling 412 shares during the period. Gulf International Bank UK Ltd’s holdings in Pinterest were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Whipplewood Advisors LLC bought a new stake in shares of Pinterest during the fourth quarter valued at approximately $28,000. NewEdge Wealth LLC raised its holdings in shares of Pinterest by 21.3% during the fourth quarter. NewEdge Wealth LLC now owns 424,329 shares of the company’s stock valued at $12,306,000 after buying an additional 74,572 shares during the last quarter. National Pension Service raised its holdings in shares of Pinterest by 7.2% during the fourth quarter. National Pension Service now owns 1,118,575 shares of the company’s stock valued at $32,439,000 after buying an additional 75,059 shares during the last quarter. ARK Investment Management LLC raised its holdings in shares of Pinterest by 0.4% during the fourth quarter. ARK Investment Management LLC now owns 4,386,546 shares of the company’s stock valued at $127,210,000 after buying an additional 17,997 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Pinterest by 93.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 124,881 shares of the company’s stock valued at $3,622,000 after acquiring an additional 60,409 shares during the period. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Performance

NYSE PINS opened at $37.02 on Friday. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.95 and a beta of 1.06. The firm’s 50 day moving average price is $33.59 and its two-hundred day moving average price is $32.11.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00. Following the sale, the director now directly owns 31,386 shares of the company’s stock, valued at $972,338.28. This trade represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,117 shares of company stock valued at $253,056 in the last quarter. Company insiders own 7.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on PINS. The Goldman Sachs Group raised their price objective on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Piper Sandler reiterated a “neutral” rating and set a $41.00 price objective (up previously from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Wells Fargo & Company raised their price objective on shares of Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on shares of Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Royal Bank of Canada raised their price objective on shares of Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Company 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.