TD Asset Management Inc Has $9.72 Million Stake in Pinterest, Inc. $PINS

TD Asset Management Inc increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 89.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 302,030 shares of the company’s stock after buying an additional 142,670 shares during the period. TD Asset Management Inc’s holdings in Pinterest were worth $9,716,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Pinterest by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 60,986,423 shares of the company’s stock worth $1,961,933,000 after buying an additional 3,044,674 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Pinterest by 15.0% in the second quarter. Ameriprise Financial Inc. now owns 17,818,418 shares of the company’s stock valued at $638,969,000 after purchasing an additional 2,319,964 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Pinterest by 4.4% during the 2nd quarter. Franklin Resources Inc. now owns 16,862,033 shares of the company’s stock worth $604,673,000 after purchasing an additional 718,105 shares in the last quarter. State Street Corp grew its stake in shares of Pinterest by 3.8% in the 2nd quarter. State Street Corp now owns 13,855,047 shares of the company’s stock valued at $496,842,000 after buying an additional 504,281 shares during the period. Finally, Norges Bank bought a new stake in Pinterest in the 2nd quarter valued at about $477,853,000. Institutional investors own 88.81% of the company’s stock.

Pinterest Price Performance

NYSE:PINS opened at $17.49 on Tuesday. The company has a market capitalization of $11.63 billion, a P/E ratio of 28.67, a P/E/G ratio of 1.21 and a beta of 0.93. The business has a fifty day simple moving average of $22.56 and a two-hundred day simple moving average of $28.29. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.67 earnings per share 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 firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. As a group, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PINS shares. Citigroup lowered Pinterest from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $38.00 to $19.00 in a research report on Friday, February 13th. Cantor Fitzgerald set a $18.00 price target on Pinterest in a research note on Friday, February 13th. Sanford C. Bernstein restated an “outperform” rating and set a $20.00 price objective on shares of Pinterest in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft lowered shares of Pinterest from a “buy” rating to a “hold” rating and set a $16.00 target price for the company. in a research note on Friday, February 13th. Finally, Monness Crespi & Hardt lowered shares of Pinterest from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $25.87.

Insider Buying and Selling at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 22,821 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was sold at an average price of $25.86, for a total transaction of $590,151.06. Following the sale, the chief financial officer owned 540,358 shares in the company, valued at $13,973,657.88. This trade represents a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Malik Ducard sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $25.86, for a total value of $155,160.00. Following the transaction, the insider directly owned 699,773 shares in the company, valued at approximately $18,096,129.78. This represents a 0.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,407 shares of company stock valued at $855,925. 7.11% of the stock is owned by company insiders.

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.