Pinterest, Inc. (NYSE:PINS) Stock Holdings Increased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 89.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 693,775 shares of the company's stock after acquiring an additional 328,452 shares during the period. Canada Pension Plan Investment Board owned approximately 0.10% of Pinterest worth $20,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Pinterest by 2.6% in the 4th quarter. FMR LLC now owns 12,599,356 shares of the company's stock valued at $365,381,000 after purchasing an additional 316,633 shares in the last quarter. Norges Bank acquired a new position in Pinterest during the fourth quarter worth $358,205,000. Marshall Wace LLP raised its position in Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock worth $310,352,000 after acquiring an additional 6,129,985 shares in the last quarter. Geode Capital Management LLC raised its position in Pinterest by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,648,352 shares of the company's stock worth $279,281,000 after acquiring an additional 181,767 shares in the last quarter. Finally, Ninety One UK Ltd lifted its holdings in 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 acquiring an additional 278,362 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insiders Place Their Bets

In other news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the completion of the sale, the director now directly owns 6,274 shares in the company, valued at $196,187.98. This trade represents a 94.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 452,686 shares of company stock worth $14,797,342 in the last 90 days. 7.11% of the stock is owned by company insiders.

Pinterest Stock Up 0.5 %

Shares of Pinterest stock traded up $0.13 during trading hours on Thursday, hitting $25.74. The company's stock had a trading volume of 13,867,175 shares, compared to its average volume of 10,564,131. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19. The company has a market capitalization of $17.46 billion, a PE ratio of 9.57, a P/E/G ratio of 1.95 and a beta of 0.99. The business has a fifty day moving average of $31.40 and a 200 day moving average of $31.75.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results 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%. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PINS. Benchmark upgraded shares of 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. Oppenheimer increased their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. TD Cowen decreased their price target on Pinterest from $46.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Cantor Fitzgerald upped their price target on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, Roth Capital set a $32.00 price objective on Pinterest in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.10.

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.