Vontobel Holding Ltd. Grows Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Vontobel Holding Ltd. boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 170.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,642 shares of the company's stock after buying an additional 21,817 shares during the period. Vontobel Holding Ltd.'s holdings in Pinterest were worth $1,005,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. State Street Corp raised its position in shares of Pinterest by 1.2% during the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company's stock valued at $413,483,000 after buying an additional 156,748 shares in the last quarter. Geode Capital Management LLC raised its position in Pinterest by 0.8% during the third quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company's stock valued at $305,710,000 after purchasing an additional 76,920 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in Pinterest by 51.5% during the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock valued at $285,248,000 after purchasing an additional 2,996,750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Pinterest by 8.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company's stock worth $192,423,000 after purchasing an additional 460,708 shares in the last quarter. Finally, Ninety One UK Ltd boosted its holdings in shares of Pinterest by 5.4% in the 4th quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company's stock worth $158,677,000 after purchasing an additional 278,362 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In other news, CAO Andrea Acosta sold 3,845 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the transaction, the chief accounting officer now directly owns 158,468 shares in the company, valued at approximately $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares in the company, valued at approximately $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,157 shares of company stock valued at $600,010. 7.11% of the stock is currently owned by company insiders.

Pinterest Price Performance

PINS traded up $0.97 on Thursday, hitting $39.66. The company had a trading volume of 11,980,771 shares, compared to its average volume of 12,332,755. The stock has a fifty day simple moving average of $32.78 and a 200-day simple moving average of $31.78. The firm has a market capitalization of $26.90 billion, a P/E ratio of 14.74, a P/E/G ratio of 1.93 and a beta of 1.06. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results 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%. Equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PINS. Wedbush boosted their target price on Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Robert W. Baird cut their price objective on shares of Pinterest from $41.00 to $36.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. Stifel Nicolaus reaffirmed a "buy" rating and set a $50.00 target price (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Raymond James boosted their price target on shares of Pinterest from $34.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Benchmark raised Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.86.

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.