Banco Bilbao Vizcaya Argentaria S.A. Boosts Stock Holdings in Pinterest, Inc. $PINS

Banco Bilbao Vizcaya Argentaria S.A. grew its position in Pinterest, Inc. (NYSE:PINS) by 16.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,419 shares of the company’s stock after purchasing an additional 17,847 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Pinterest were worth $4,639,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PINS. Vanguard Group Inc. increased its stake in Pinterest by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 58,008,711 shares of the company’s stock valued at $1,798,270,000 after buying an additional 1,263,863 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Pinterest by 25.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,892,284 shares of the company’s stock worth $988,662,000 after buying an additional 6,460,143 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Pinterest by 13.7% in the first quarter. Ameriprise Financial Inc. now owns 15,498,454 shares of the company’s stock valued at $480,452,000 after acquiring an additional 1,862,654 shares in the last quarter. Amundi increased its position in shares of Pinterest by 618.9% during the first quarter. Amundi now owns 14,254,741 shares of the company’s stock valued at $441,897,000 after acquiring an additional 12,271,958 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Pinterest by 27.3% during the second quarter. Swedbank AB now owns 7,430,885 shares of the company’s stock worth $266,472,000 after acquiring an additional 1,591,400 shares during the period. 88.81% of the stock is owned by institutional investors.

Pinterest Stock Performance

Shares of PINS opened at $26.62 on Friday. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The business has a 50-day moving average of $32.57 and a 200 day moving average of $33.89. The firm has a market cap of $17.98 billion, a P/E ratio of 9.24, a price-to-earnings-growth ratio of 1.57 and a beta of 0.96.

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

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $34.96, for a total value of $131,414.64. Following the sale, the chief accounting officer directly owned 157,402 shares in the company, valued at $5,502,773.92. This trade represents a 2.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 714,283 shares of company stock valued at $24,869,450. 7.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PINS. Wedbush cut their price objective on Pinterest from $44.00 to $34.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of Pinterest from $44.00 to $36.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. BMO Capital Markets reduced their price target on shares of Pinterest from $41.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Cantor Fitzgerald lowered their price objective on shares of Pinterest from $40.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings initiated coverage on shares of Pinterest in a research note on Saturday, November 1st. They issued a “hold (c+)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $39.55.

About Pinterest

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.