Pinterest, Inc. (NYSE:PINS) Stock Holdings Lifted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its position in shares of Pinterest, Inc. (NYSE:PINS) by 6.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,479 shares of the company’s stock after purchasing an additional 14,614 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Pinterest were worth $10,333,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PINS. Vanguard Group Inc. boosted its holdings in Pinterest by 1.8% in the first quarter. Vanguard Group Inc. now owns 57,343,800 shares of the company’s stock worth $1,988,110,000 after purchasing an additional 994,848 shares in the last quarter. Baillie Gifford & Co. increased its holdings in shares of Pinterest by 9.5% during the 2nd quarter. Baillie Gifford & Co. now owns 10,116,139 shares of the company’s stock valued at $445,818,000 after acquiring an additional 880,398 shares during the last quarter. Capital World Investors raised its stake in shares of Pinterest by 0.7% in the 4th quarter. Capital World Investors now owns 8,887,130 shares of the company’s stock valued at $329,179,000 after acquiring an additional 64,270 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Pinterest by 2.2% in the 1st quarter. Clearbridge Investments LLC now owns 8,179,741 shares of the company’s stock worth $283,592,000 after purchasing an additional 176,540 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Pinterest by 1,188.9% during the fourth quarter. Wellington Management Group LLP now owns 5,989,476 shares of the company’s stock worth $221,850,000 after purchasing an additional 5,524,796 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Down 0.5 %

Shares of Pinterest stock opened at $30.38 on Friday. Pinterest, Inc. has a 12-month low of $23.59 and a 12-month high of $45.19. The stock has a market capitalization of $20.85 billion, a P/E ratio of 144.67, a price-to-earnings-growth ratio of 3.22 and a beta of 1.00. The company has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $36.73.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) earnings per share. On average, equities analysts anticipate that Pinterest, Inc. will post 0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PINS. Roth Mkm decreased their price objective on shares of Pinterest from $40.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. The Goldman Sachs Group lifted their price objective on Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Rosenblatt Securities restated a “buy” rating and set a $48.00 target price on shares of Pinterest in a research note on Wednesday, July 31st. Evercore ISI dropped their price target on Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Pinterest from $44.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.78.

Insider Buying and Selling at Pinterest

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.38, for a total transaction of $1,343,826.40. Following the sale, the chief financial officer now owns 362,822 shares in the company, valued at $16,102,040.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.11% of the company’s stock.

About Pinterest

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.