Pinterest, Inc. (NYSE:PINS) Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,474 shares of the company’s stock after acquiring an additional 1,745 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Pinterest were worth $3,523,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in shares of Pinterest in the 3rd quarter valued at about $153,829,000. Southpoint Capital Advisors LP purchased a new stake in Pinterest in the third quarter valued at approximately $123,006,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of Pinterest by 51.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after acquiring an additional 2,996,750 shares during the period. Nordea Investment Management AB grew its position in shares of Pinterest by 122.1% during the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock worth $111,515,000 after acquiring an additional 2,093,248 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Pinterest by 582.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,266,948 shares of the company’s stock valued at $65,741,000 after acquiring an additional 1,934,653 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 19.1 %

NYSE:PINS opened at $40.02 on Monday. The company has a market capitalization of $27.04 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The stock has a fifty day simple moving average of $31.43 and a 200-day simple moving average of $31.50.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 9.20%. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PINS. KeyCorp raised their price objective on shares of Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. lowered their price target on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Oppenheimer upped their price objective on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 target price (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now owns 246,921 shares in the company, valued at approximately $7,610,105.22. This trade represents a 4.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the transaction, the director now owns 30,236 shares in the company, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,157 shares of company stock valued at $589,131. 7.11% of the stock is owned by corporate insiders.

Pinterest Company Profile

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.