Banco Bilbao Vizcaya Argentaria S.A. Purchases 183,120 Shares of Pinterest, Inc. $PINS

Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 141.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,539 shares of the company’s stock after buying an additional 183,120 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Pinterest were worth $10,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC lifted its stake in Pinterest by 505.7% in the third quarter. N.E.W. Advisory Services LLC now owns 854 shares of the company’s stock worth $27,000 after acquiring an additional 713 shares during the period. Atlantic Union Bankshares Corp increased its position in Pinterest by 3,839.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 906 shares of the company’s stock valued at $29,000 after purchasing an additional 883 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Pinterest by 46.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,330 shares of the company’s stock valued at $42,000 after purchasing an additional 419 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Pinterest by 2,409.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,380 shares of the company’s stock valued at $44,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Pinterest in the 2nd quarter worth approximately $45,000. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PINS has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Pinterest from a “buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Friday, February 13th. Oppenheimer lowered their target price on Pinterest from $36.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Wedbush dropped their target price on Pinterest from $30.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $20.00 price target (down from $36.00) on shares of Pinterest in a report on Friday, February 13th. Finally, Piper Sandler reissued a “neutral” rating and issued a $21.00 price target (down from $33.00) on shares of Pinterest in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have issued a Hold rating to the company. Based on data from MarketBeat, Pinterest presently has a consensus rating of “Hold” and an average price target of $25.87.

Pinterest Trading Up 0.6%

NYSE PINS opened at $18.20 on Monday. The firm’s fifty day simple moving average is $21.34 and its two-hundred day simple moving average is $27.25. The firm has a market capitalization of $12.11 billion, a P/E ratio of 29.84, a P/E/G ratio of 1.21 and a beta of 0.93. Pinterest, Inc. has a 12-month low of $13.84 and a 12-month high of $39.93.

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

Insider Activity

In other Pinterest news, insider Malik Ducard sold 6,000 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 $155,160.00. Following the completion of the sale, the insider owned 699,773 shares of the company’s stock, valued at approximately $18,096,129.78. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 22,821 shares of the business’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 in the company, valued at $13,973,657.88. The trade was a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,457 shares of company stock worth $876,925 over the last ninety days. 7.11% of the stock is currently owned by corporate insiders.

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.