DSM Capital Partners LLC Invests $62.70 Million in Pinterest, Inc. $PINS

DSM Capital Partners LLC acquired a new stake in Pinterest, Inc. (NYSE:PINS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,948,954 shares of the company’s stock, valued at approximately $62,698,000. Pinterest comprises approximately 0.9% of DSM Capital Partners LLC’s holdings, making the stock its 23rd biggest position. DSM Capital Partners LLC owned approximately 0.29% of Pinterest at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in shares of Pinterest by 282.7% in the 2nd quarter. Golden State Wealth Management LLC now owns 685 shares of the company’s stock valued at $25,000 after acquiring an additional 506 shares during the last quarter. West Branch Capital LLC acquired a new position in Pinterest in the second quarter worth $36,000. Wellington Shields Capital Management LLC bought a new stake in Pinterest during the second quarter valued at $40,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Pinterest during the second quarter worth $45,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Pinterest by 138.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,586 shares of the company’s stock worth $57,000 after buying an additional 922 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of the company’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the transaction, the chief financial officer owned 540,358 shares of the company’s stock, valued at approximately $13,973,657.88. This represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Malik Ducard sold 6,000 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the sale, the insider owned 699,773 shares of the company’s stock, valued at $18,096,129.78. This trade represents a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 105,161 shares of company stock valued at $2,796,466 in the last quarter. Insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PINS. Bank of America dropped their price target on Pinterest from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Wedbush cut Pinterest from an “outperform” rating to a “neutral” rating and cut their target price for the company from $34.00 to $30.00 in a research note on Monday, December 8th. The Goldman Sachs Group reduced their price target on shares of Pinterest from $43.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Roth Capital cut their price objective on shares of Pinterest from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, Mizuho began coverage on shares of Pinterest in a research report on Monday, September 29th. They issued an “outperform” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.72.

Pinterest Trading Up 2.1%

Pinterest stock opened at $27.06 on Wednesday. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $40.90. The stock has a market cap of $18.28 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 1.21 and a beta of 0.91. The company’s 50-day moving average price is $26.95 and its two-hundred day moving average price is $32.44.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. Pinterest had a net margin of 48.99% and a return on equity of 8.20%. The business had revenue of $665.93 million during the quarter. Research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Pinterest Company 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.