Legal & General Group Plc Purchases 311,976 Shares of Pinterest, Inc. $PINS

Legal & General Group Plc increased its position in Pinterest, Inc. (NYSE:PINS) by 7.1% in the 4th quarter, Holdings Channel reports. The firm owned 4,717,329 shares of the company’s stock after buying an additional 311,976 shares during the quarter. Legal & General Group Plc’s holdings in Pinterest were worth $122,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of PINS. Atlantic Union Bankshares Corp increased its holdings in Pinterest by 3,839.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after buying an additional 883 shares during the period. Elevated Capital Advisors LLC bought a new position in shares of Pinterest during the 4th quarter worth about $26,000. Addison Advisors LLC lifted its holdings in shares of Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after acquiring an additional 1,200 shares during the period. Fifth Third Bancorp boosted its position in shares of Pinterest by 2,409.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after acquiring an additional 1,325 shares in the last quarter. Finally, Garner Asset Management Corp acquired a new stake in shares of Pinterest during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Trending Headlines about Pinterest

Here are the key news stories impacting Pinterest this week:

• Positive Sentiment: Zacks highlighted Pinterest as a top long-term value stock, which may be helping support shares by reinforcing the bull case for patient investors. Article Title
• Positive Sentiment: Investor-interest articles and broader coverage suggest Pinterest remains a widely watched name, which can keep trading activity elevated around the stock. Article Title
• Neutral Sentiment: Director Gokul Rajaram sold 1,050 shares in a pre-arranged Rule 10b5-1 transaction. While routine, insider selling can still make some investors cautious. Article Title
• Negative Sentiment: Multiple law firms continued to publicize securities-fraud class action deadlines against Pinterest ahead of the May 29 lead-plaintiff cutoff, keeping legal uncertainty in focus for shareholders. Article Title

Pinterest Price Performance

NYSE:PINS opened at $20.67 on Friday. The firm has a market cap of $11.58 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93. The company’s 50-day moving average price is $19.36 and its two-hundred day moving average price is $21.98. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34. Pinterest, Inc. has a 12 month low of $13.84 and a 12 month high of $39.93.

Pinterest (NYSE:PINS) last posted its earnings results on Monday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $965.84 million. Pinterest had a net margin of 7.64% and a return on equity of 8.26%. Pinterest’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, equities analysts anticipate that Pinterest, Inc. will post 0.69 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 2,100 shares of Pinterest stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the completion of the transaction, the director owned 27,450 shares in the company, valued at approximately $549,000. The trade was a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 4,200 shares of company stock valued at $84,000. Insiders own 8.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. HSBC lowered shares of Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price target for the company. in a research report on Friday, January 30th. Wall Street Zen upgraded Pinterest from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Loop Capital cut Pinterest from a “buy” rating to a “hold” rating and dropped their target price for the stock from $45.00 to $18.00 in a report on Friday, February 13th. Royal Bank Of Canada raised their target price on Pinterest from $17.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 5th. Finally, Benchmark decreased their price target on Pinterest from $34.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.40.

Pinterest Profile

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.