Pinterest, Inc. (NYSE:PINS) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Administration Ltd. lower its holdings in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 90.7% within the 2nd quarter, in line with the corporate in its most up-to-date disclosure with the Securities and Change Fee. The agency owned 92,005 shares of the corporate’s inventory after promoting 895,723 shares through the interval. Jupiter Asset Administration Ltd.’s holdings in Pinterest have been price $2,516,000 on the finish of the latest reporting interval.

A number of different hedge funds and different institutional traders have additionally made adjustments to their positions in PINS. Worth T Rowe Associates Inc. MD boosted its place in shares of Pinterest by 372.5% through the fourth quarter. Worth T Rowe Associates Inc. MD now owns 20,073,874 shares of the corporate’s inventory price $487,394,000 after shopping for an extra 15,825,757 shares through the interval. Renaissance Applied sciences LLC boosted its stake in Pinterest by 262.8% through the 1st quarter. Renaissance Applied sciences LLC now owns 11,515,600 shares of the corporate’s inventory valued at $283,399,000 after buying an extra 8,341,222 shares within the final quarter. Norges Financial institution purchased a brand new place in Pinterest through the 4th quarter valued at $149,748,000. Ameriprise Monetary Inc. boosted its stake in Pinterest by 246.3% through the 1st quarter. Ameriprise Monetary Inc. now owns 4,908,403 shares of the corporate’s inventory valued at $133,854,000 after buying an extra 3,490,892 shares within the final quarter. Lastly, Macquarie Group Ltd. boosted its stake in Pinterest by 22.7% through the 1st quarter. Macquarie Group Ltd. now owns 18,300,308 shares of the corporate’s inventory valued at $499,049,000 after buying an extra 3,385,379 shares within the final quarter. 72.63% of the inventory is presently owned by institutional traders and hedge funds.

Analyst Upgrades and Downgrades

PINS has been the topic of a variety of analysis experiences. Wedbush elevated their worth goal on Pinterest from $30.00 to $32.00 and gave the corporate a “impartial” score in a analysis word on Tuesday, October thirty first. JPMorgan Chase & Co. elevated their worth goal on Pinterest from $32.00 to $34.00 and gave the corporate a “impartial” score in a analysis word on Tuesday, October thirty first. KeyCorp elevated their worth goal on Pinterest from $35.00 to $37.00 and gave the corporate an “obese” score in a analysis word on Tuesday, October thirty first. Citigroup raised Pinterest from a “impartial” score to a “purchase” score and elevated their worth goal for the corporate from $31.00 to $36.00 in a analysis word on Wednesday, September twentieth. Lastly, Morgan Stanley elevated their worth goal on Pinterest from $24.00 to $25.00 and gave the corporate an “equal weight” score in a analysis report on Tuesday, October thirty first. Eleven funding analysts have rated the inventory with a maintain score and fifteen have issued a purchase score to the inventory. Primarily based on knowledge from MarketBeat, Pinterest presently has a consensus score of “Average Purchase” and a mean worth goal of $33.27.

Learn Our Newest Analysis Report on PINS

Insider Shopping for and Promoting

In different Pinterest information, Director Gokul Rajaram offered 1,934 shares of the inventory in a transaction on Wednesday, September twentieth. The shares have been offered at a mean worth of $27.90, for a complete transaction of $53,958.60. Following the transaction, the director now straight owns 52,920 shares of the corporate’s inventory, valued at $1,476,468. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible at this hyperlink. In different Pinterest information, insider Christine Deputy offered 45,153 shares of the inventory in a transaction on Monday, August twenty first. The shares have been offered at a mean worth of $27.26, for a complete transaction of $1,230,870.78. Following the transaction, the insider now straight owns 394,989 shares of the corporate’s inventory, valued at $10,767,400.14. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible at this hyperlink. Additionally, Director Gokul Rajaram offered 1,934 shares of the inventory in a transaction on Wednesday, September twentieth. The inventory was offered at a mean worth of $27.90, for a complete transaction of $53,958.60. Following the transaction, the director now straight owns 52,920 shares within the firm, valued at $1,476,468. The disclosure for this sale will be discovered right here. During the last ninety days, insiders offered 220,088 shares of firm inventory price $5,983,759. Company insiders personal 6.85% of the corporate’s inventory.

Pinterest Buying and selling Up 0.7 %

Shares of NYSE:PINS opened at $31.49 on Friday. Pinterest, Inc. has a 1 12 months low of $20.60 and a 1 12 months excessive of $32.52. The enterprise has a fifty day easy transferring common of $27.88 and a 200 day easy transferring common of $26.56. The agency has a market cap of $21.24 billion, a price-to-earnings ratio of -98.41, a P/E/G ratio of 8.87 and a beta of 0.99.

Pinterest (NYSE:PINS – Get Free Report) final introduced its quarterly earnings knowledge on Monday, October thirtieth. The corporate reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.06. Pinterest had a destructive return on fairness of 1.98% and a destructive web margin of seven.43%. The enterprise had income of $763.20 million through the quarter, in comparison with analyst estimates of $743.34 million. On common, sell-side analysts forecast that Pinterest, Inc. will put up 0.1 EPS for the present 12 months.

Pinterest Profile

(Free Report)

Pinterest, Inc operates as a visible discovery engine in the USA and internationally. The corporate’s engine permits folks to search out concepts, reminiscent of recipes, dwelling and magnificence inspiration, and others; gives video, product, and thought pins; and affords organizing and planning instruments. It reveals natural suggestions and promoting engine based mostly on pinners tastes and preferences; and allows pinners with shoppable product pins, which embody worth, shade, and dimension that redirect to retailer web sites.

Additional Studying

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a purpose to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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