APG Asset Management N.V. Grows Position in Pinterest, Inc. (NYSE:PINS)

APG Asset Management N.V. grew its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 647.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 390,770 shares of the company's stock after purchasing an additional 338,500 shares during the quarter. APG Asset Management N.V. owned approximately 0.06% of Pinterest worth $10,944,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Pinterest by 2.6% during the fourth quarter. FMR LLC now owns 12,599,356 shares of the company's stock valued at $365,381,000 after buying an additional 316,633 shares during the last quarter. Norges Bank purchased a new stake in Pinterest in the fourth quarter worth about $358,205,000. Geode Capital Management LLC boosted its stake in Pinterest by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,648,352 shares of the company's stock valued at $279,281,000 after acquiring an additional 181,767 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Pinterest by 5.4% in the fourth quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company's stock valued at $158,677,000 after purchasing an additional 278,362 shares during the period. Finally, ARK Investment Management LLC grew its stake in shares of Pinterest by 0.4% during the 4th quarter. ARK Investment Management LLC now owns 4,386,546 shares of the company's stock worth $127,210,000 after purchasing an additional 17,997 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on PINS shares. Morgan Stanley upped their price target on Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Cantor Fitzgerald raised their price target on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Friday, January 10th. Wells Fargo & Company lowered their price objective on Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Finally, Roth Capital set a $32.00 price target on shares of Pinterest in a research report on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of "Moderate Buy" and an average price target of $41.81.

Pinterest Trading Down 0.5 %

NYSE:PINS traded down $0.12 on Wednesday, hitting $25.87. The company's stock had a trading volume of 2,249,633 shares, compared to its average volume of 10,417,707. The firm has a market capitalization of $17.55 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The stock has a fifty day moving average of $33.12 and a two-hundred day moving average of $32.07. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total value of $3,192,135.41. Following the completion of the sale, the director now owns 6,274 shares of the company's stock, valued at $196,187.98. This trade represents a 94.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeremy S. Levine sold 50,535 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $33.98, for a total value of $1,717,179.30. Following the sale, the director now directly owns 1,156,693 shares in the company, valued at $39,304,428.14. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 452,686 shares of company stock valued at $14,797,342. Insiders own 7.11% of the company's stock.

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.