DekaBank Deutsche Girozentrale Trims Position in Pinterest, Inc. (NYSE:PINS)

DekaBank Deutsche Girozentrale lowered its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,733 shares of the company's stock after selling 110,136 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.10% of Pinterest worth $22,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PINS. Leibman Financial Services Inc. boosted its holdings in shares of Pinterest by 0.9% in the 2nd quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company's stock valued at $1,383,000 after buying an additional 266 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Pinterest by 5.2% in the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company's stock worth $205,000 after purchasing an additional 313 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Pinterest by 1.1% in the second quarter. Raymond James Trust N.A. now owns 30,012 shares of the company's stock worth $1,323,000 after purchasing an additional 319 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Pinterest by 0.7% during the 2nd quarter. Toronto Dominion Bank now owns 56,961 shares of the company's stock valued at $2,510,000 after purchasing an additional 372 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its position in shares of Pinterest by 1.6% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company's stock worth $1,022,000 after purchasing an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on PINS. Morgan Stanley increased their price target on Pinterest from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. Wolfe Research assumed coverage on shares of Pinterest in a research note on Tuesday, July 16th. They issued a "peer perform" rating for the company. Cantor Fitzgerald reissued an "overweight" rating and set a $41.00 target price on shares of Pinterest in a research report on Monday, October 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $48.00 price target on shares of Pinterest in a report on Thursday, September 12th. Finally, Benchmark reissued a "hold" rating on shares of Pinterest in a report on Wednesday, July 31st. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.32.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the transaction, the director now owns 33,686 shares in the company, valued at $1,129,154.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the sale, the director now directly owns 33,686 shares in the company, valued at approximately $1,129,154.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 30,280 shares of the firm's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.11% of the company's stock.

Pinterest Price Performance

PINS stock traded up $0.16 during mid-day trading on Tuesday, reaching $32.42. 6,942,955 shares of the company's stock were exchanged, compared to its average volume of 9,294,202. Pinterest, Inc. has a 12-month low of $24.47 and a 12-month high of $45.19. The stock's 50 day moving average is $31.73 and its 200 day moving average is $36.40. The company has a market cap of $22.15 billion, a price-to-earnings ratio of 154.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.01. The firm had revenue of $853.68 million for the quarter, compared to analyst estimates of $848.75 million. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The business's revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. On average, research analysts forecast that Pinterest, Inc. will post 0.39 earnings per share for the current fiscal year.

Pinterest 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.