Pinterest, Inc. $PINS Shares Sold by Eminence Capital LP

Eminence Capital LP trimmed its position in shares of Pinterest, Inc. (NYSE:PINS) by 32.4% during the fourth quarter, Holdings Channel reports. The firm owned 4,539,453 shares of the company’s stock after selling 2,175,555 shares during the quarter. Pinterest makes up approximately 1.9% of Eminence Capital LP’s portfolio, making the stock its 24th biggest holding. Eminence Capital LP’s holdings in Pinterest were worth $117,526,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in PINS. Elevated Capital Advisors LLC acquired a new position in Pinterest during the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd lifted its stake in Pinterest by 2,017.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock worth $29,000 after purchasing an additional 1,049 shares in the last quarter. Addison Advisors LLC lifted its stake in Pinterest by 727.3% during the fourth quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock worth $35,000 after purchasing an additional 1,200 shares in the last quarter. Garner Asset Management Corp acquired a new position in Pinterest during the fourth quarter worth $36,000. Finally, Fifth Third Bancorp lifted its stake in Pinterest by 2,409.1% during the third quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock worth $44,000 after purchasing an additional 1,325 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PINS has been the topic of a number of research reports. Citigroup upped their price target on Pinterest from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Oppenheimer upped their price target on Pinterest from $24.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. UBS Group upped their price target on Pinterest from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Mizuho upped their price target on Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $24.00 price objective on shares of Pinterest in a research note on Tuesday, May 5th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.40.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $21.15, for a total transaction of $991,406.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $20.00, for a total value of $42,000.00. Following the transaction, the director directly owned 27,450 shares in the company, valued at approximately $549,000. The trade was a 7.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 171,112 shares of company stock valued at $3,595,596. 8.09% of the stock is currently owned by insiders.

Pinterest Stock Down 3.7%

Pinterest stock opened at $20.37 on Thursday. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.23 and a quick ratio of 4.23. The stock has a market cap of $11.41 billion, a PE ratio of 42.43, a P/E/G ratio of 1.21 and a beta of 0.92. The stock’s fifty day moving average is $20.15 and its two-hundred day moving average is $21.51.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $965.84 million. During the same period last year, the firm earned $0.23 earnings per share. Pinterest’s quarterly revenue was up 17.8% on a year-over-year basis. On average, sell-side analysts expect that Pinterest, Inc. will post 0.65 EPS for the current fiscal year.

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.