Pinterest, Inc. (NYSE:PINS) Shares Sold by AXQ Capital LP

AXQ Capital LP reduced its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,002 shares of the company's stock after selling 19,278 shares during the quarter. AXQ Capital LP's holdings in Pinterest were worth $406,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC raised its stake in Pinterest by 7.4% during the 3rd quarter. Empowered Funds LLC now owns 9,165 shares of the company's stock worth $297,000 after acquiring an additional 635 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Pinterest by 1,109.4% during the third quarter. Quest Partners LLC now owns 9,796 shares of the company's stock worth $317,000 after purchasing an additional 8,986 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Pinterest during the third quarter worth about $458,000. Commerce Bank lifted its holdings in shares of Pinterest by 3.3% in the 3rd quarter. Commerce Bank now owns 11,868 shares of the company's stock valued at $384,000 after purchasing an additional 378 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Pinterest by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company's stock valued at $27,326,000 after purchasing an additional 32,539 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the transaction, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now directly owns 30,236 shares of the company's stock, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 351,753 shares of company stock worth $11,640,201 in the last 90 days. 7.11% of the stock is owned by company insiders.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Raymond James increased their price objective on Pinterest from $34.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Benchmark raised shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a report on Friday, February 7th. Wells Fargo & Company increased their target price on shares of Pinterest from $39.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, KeyCorp dropped their price target on Pinterest from $46.00 to $41.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, Pinterest currently has an average rating of "Moderate Buy" and an average target price of $43.33.

Pinterest Price Performance

PINS traded down $0.62 during midday trading on Thursday, reaching $32.29. 5,571,516 shares of the company's stock were exchanged, compared to its average volume of 9,864,596. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The stock has a market capitalization of $21.90 billion, a PE ratio of 12.00, a P/E/G ratio of 1.95 and a beta of 1.02. The business's 50-day moving average price is $34.60 and its 200 day moving average price is $32.35.

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 analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. As a group, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.