Fieldview Capital Management LLC Takes Position in Pinterest, Inc. $PINS

Fieldview Capital Management LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 108,199 shares of the company’s stock, valued at approximately $3,481,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Pinterest in the 2nd quarter valued at about $477,853,000. Balyasny Asset Management L.P. grew its stake in shares of Pinterest by 1,138.8% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,601,571 shares of the company’s stock worth $165,012,000 after purchasing an additional 4,230,125 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Pinterest by 18.5% in the 3rd quarter. Victory Capital Management Inc. now owns 20,550,242 shares of the company’s stock worth $685,899,000 after purchasing an additional 3,213,241 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Pinterest by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company’s stock worth $1,961,933,000 after purchasing an additional 3,044,674 shares in the last quarter. Finally, Erste Asset Management GmbH lifted its stake in Pinterest by 33,818.9% during the third quarter. Erste Asset Management GmbH now owns 2,510,000 shares of the company’s stock valued at $83,633,000 after purchasing an additional 2,502,600 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $20.00 on Monday. The firm has a 50 day simple moving average of $22.05 and a 200 day simple moving average of $27.84. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The company has a market cap of $13.30 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.01). Pinterest had a return on equity of 7.95% and a net margin of 9.87%.The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on PINS shares. Wells Fargo & Company reduced their target price on shares of Pinterest from $35.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Barclays cut their price objective on Pinterest from $36.00 to $25.00 and set an “equal weight” rating for the company in a research report on Friday, February 13th. Morgan Stanley raised their price objective on Pinterest from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Rosenblatt Securities restated a “neutral” rating and issued a $20.00 target price on shares of Pinterest in a report on Wednesday, March 4th. Finally, UBS Group set a $26.00 target price on Pinterest in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat, Pinterest currently has an average rating of “Hold” and a consensus price target of $25.87.

Insider Buying and Selling at Pinterest

In related news, insider Malik Ducard sold 2,293 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $22.06, for a total value of $50,583.58. Following the completion of the sale, the insider directly owned 695,187 shares of the company’s stock, valued at approximately $15,335,825.22. This represents a 0.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total value of $590,151.06. Following the sale, the chief financial officer owned 540,358 shares of the company’s stock, valued at $13,973,657.88. The trade was a 4.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,407 shares of company stock valued at $855,925. 7.11% of the stock is currently owned by insiders.

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.