Pinterest, Inc. (NYSE:PINS) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lessened its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 17.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 171,156 shares of the company's stock after selling 37,008 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Pinterest were worth $4,964,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in Pinterest by 3.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company's stock valued at $304,000 after acquiring an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of Pinterest by 2.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock valued at $366,000 after buying an additional 342 shares in the last quarter. Ethos Financial Group LLC grew its position in shares of Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock worth $342,000 after buying an additional 350 shares during the last quarter. Amalgamated Bank raised its stake in shares of Pinterest by 0.9% during the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company's stock worth $1,154,000 after acquiring an additional 372 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after acquiring an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

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Pinterest Trading Down 6.3 %

PINS traded down $1.73 during trading on Friday, hitting $25.78. The company's stock had a trading volume of 22,729,308 shares, compared to its average volume of 10,226,720. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a twelve month low of $24.91 and a twelve month high of $45.19. The business's fifty day simple moving average is $34.40 and its 200 day simple moving average is $32.38.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PINS. Cantor Fitzgerald upped their price target on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Wells Fargo & Company reduced their target price on Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Benchmark raised Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a report on Friday, February 7th. Wedbush upped their price objective on shares of Pinterest from $38.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Sanford C. Bernstein upgraded shares of Pinterest from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus target price of $43.17.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the sale, the director now directly owns 6,274 shares in the company, valued at $196,187.98. This 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 the SEC website. Also, Director Jeremy S. Levine sold 50,535 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the completion of the transaction, the director now directly owns 1,156,693 shares of the company's stock, valued at approximately $39,304,428.14. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 453,836 shares of company stock worth $14,832,336. 7.11% of the stock is currently owned by company insiders.

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.