Pinterest, Inc. $PINS Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB grew its holdings in Pinterest, Inc. (NYSE:PINS) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,301,880 shares of the company’s stock after purchasing an additional 280,332 shares during the quarter. Nordea Investment Management AB owned 0.78% of Pinterest worth $137,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Revolve Wealth Partners LLC purchased a new position in Pinterest in the 4th quarter valued at approximately $252,000. Integrated Wealth Concepts LLC increased its position in shares of Pinterest by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 10,943 shares of the company’s stock worth $339,000 after acquiring an additional 607 shares during the period. Empowered Funds LLC increased its position in shares of Pinterest by 45.6% during the first quarter. Empowered Funds LLC now owns 15,168 shares of the company’s stock worth $470,000 after acquiring an additional 4,748 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Pinterest by 39.5% in the second quarter. Sivia Capital Partners LLC now owns 9,347 shares of the company’s stock valued at $335,000 after acquiring an additional 2,649 shares in the last quarter. Finally, Creative Planning boosted its holdings in Pinterest by 6.7% in the second quarter. Creative Planning now owns 84,875 shares of the company’s stock valued at $3,044,000 after purchasing an additional 5,307 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, insider Malik Ducard sold 2,293 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider directly owned 695,187 shares of the company’s stock, valued at $15,335,825.22. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Donnelly Julia Brau sold 22,821 shares of the stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total transaction of $590,151.06. Following the completion of the transaction, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 34,457 shares of company stock valued at $876,925. 7.11% of the stock is owned by company insiders.

Pinterest Price Performance

Pinterest stock opened at $18.71 on Monday. Pinterest, Inc. has a 1-year low of $13.84 and a 1-year high of $39.93. The stock has a market cap of $12.44 billion, a PE ratio of 30.67, a P/E/G ratio of 1.22 and a beta of 0.93. The stock’s fifty day moving average is $20.50 and its two-hundred day moving average is $26.61.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share (EPS) 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 business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $0.56 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. On average, research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on PINS shares. UBS Group set a $26.00 target price on Pinterest in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft lowered Pinterest from a “buy” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Friday, February 13th. HSBC downgraded Pinterest from a “buy” rating to a “hold” rating and set a $24.90 price objective for the company. in a research report on Friday, January 30th. Mizuho set a $35.00 target price on shares of Pinterest in a research note on Tuesday, February 3rd. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Pinterest in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and nineteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.87.

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.