Pinterest, Inc. (NYSE:PINS) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 59.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 654,713 shares of the company's stock after selling 940,223 shares during the quarter. Federated Hermes Inc. owned 0.10% of Pinterest worth $18,987,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PINS. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest in the fourth quarter valued at about $28,000. GAMMA Investing LLC increased its stake in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares during the last quarter. Huntington National Bank lifted its position in shares of Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after acquiring an additional 1,680 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Pinterest by 17,692.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock worth $67,000 after acquiring an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

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Insider Buying and Selling at Pinterest

In other Pinterest 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 transaction of $219,766.50. Following the sale, the insider now owns 254,211 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now owns 29,086 shares of the company's stock, valued at $1,139,880.34. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 453,836 shares of company stock worth $14,832,336 over the last ninety days. Corporate insiders own 7.11% of the company's stock.

Pinterest Price Performance

Shares of PINS stock traded down $0.07 during trading hours on Monday, reaching $26.30. 2,084,219 shares of the stock were exchanged, compared to its average volume of 10,407,356. The business's fifty day moving average is $33.42 and its two-hundred day moving average is $32.16. The firm has a market capitalization of $17.84 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS 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, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

PINS has been the topic of a number of research reports. Raymond James lowered Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th. Roth Capital set a $32.00 price target on shares of Pinterest in a research note on Monday, February 3rd. The Goldman Sachs Group upped their price objective on shares of Pinterest from $42.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Benchmark raised shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research note on Friday, February 7th. Finally, TD Cowen dropped their price target on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.23.

Pinterest Company 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.