Korea Investment CORP Has $28.38 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Korea Investment CORP lifted its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 63.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 978,467 shares of the company's stock after acquiring an additional 379,619 shares during the quarter. Korea Investment CORP owned approximately 0.14% of Pinterest worth $28,376,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Maverick Capital Ltd. boosted its stake in shares of Pinterest by 47.6% in the 3rd quarter. Maverick Capital Ltd. now owns 57,180 shares of the company's stock valued at $1,851,000 after purchasing an additional 18,430 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Pinterest by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company's stock valued at $49,855,000 after buying an additional 119,367 shares during the period. Leibman Financial Services Inc. boosted its stake in Pinterest by 102.2% in the fourth quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock valued at $1,862,000 after acquiring an additional 32,464 shares during the last quarter. Janney Capital Management LLC acquired a new stake in Pinterest during the 4th quarter worth $4,289,000. Finally, Jones Financial Companies Lllp raised its position in shares of Pinterest by 91.3% during the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after acquiring an additional 11,925 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

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Insider Activity at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the sale, the director now owns 6,274 shares in the company, valued at approximately $195,497.84. This trade represents a 94.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Andrea Acosta sold 3,667 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 351,753 shares of company stock worth $11,640,201. Company insiders own 7.11% of the company's stock.

Pinterest Price Performance

Pinterest stock traded up $0.76 during mid-day trading on Wednesday, hitting $31.76. 2,608,022 shares of the company's stock traded hands, compared to its average volume of 11,923,026. The stock has a market cap of $21.54 billion, a price-to-earnings ratio of 11.81, a P/E/G ratio of 1.95 and a beta of 1.02. The firm has a 50 day simple moving average of $34.65 and a two-hundred day simple moving average of $32.44. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on PINS shares. Stifel Nicolaus restated a "buy" rating and issued a $50.00 price target (up from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Roth Capital set a $32.00 target price on Pinterest in a research report on Monday, February 3rd. Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target on the stock in a research report on Friday, January 10th. Rosenblatt Securities boosted their price objective on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Oppenheimer increased their target price on shares of Pinterest from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.17.

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.