Charles Schwab Investment Management Inc. Grows Stock Position in Pinterest, Inc. (NYSE:PINS)

Charles Schwab Investment Management Inc. grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,307,408 shares of the company's stock after buying an additional 54,412 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.64% of Pinterest worth $124,915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PINS. Van ECK Associates Corp raised its holdings in Pinterest by 30.5% in the 3rd quarter. Van ECK Associates Corp now owns 83,418 shares of the company's stock worth $2,631,000 after acquiring an additional 19,508 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Pinterest in the third quarter worth $94,000. CWA Asset Management Group LLC bought a new position in shares of Pinterest during the third quarter valued at $1,409,000. Atria Investments Inc boosted its position in shares of Pinterest by 4.0% during the third quarter. Atria Investments Inc now owns 26,686 shares of the company's stock valued at $864,000 after buying an additional 1,034 shares during the last quarter. Finally, Covestor Ltd increased its holdings in Pinterest by 36.1% in the 3rd quarter. Covestor Ltd now owns 4,678 shares of the company's stock worth $151,000 after buying an additional 1,241 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

PINS traded up $1.85 during trading on Wednesday, reaching $33.24. 14,202,248 shares of the company traded hands, compared to its average volume of 9,690,429. The company has a market cap of $22.55 billion, a P/E ratio of 12.41, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The firm has a fifty day simple moving average of $34.23 and a 200 day simple moving average of $32.27.

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Pinterest (NYSE:PINS - Get Free Report) last posted 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 net margin of 51.07% and a return on equity of 8.10%. As a group, sell-side analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00. Following the sale, the director now owns 31,386 shares in the company, valued at $972,338.28. This represents a 3.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,879 shares of company stock valued at $3,653,577. 7.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on PINS shares. Royal Bank of Canada raised their price target on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Raymond James raised their target price on shares of Pinterest from $34.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. TD Cowen started coverage on shares of Pinterest in a research note on Tuesday, November 26th. They set a "buy" rating and a $38.00 target price for the company. Stifel Nicolaus restated a "buy" rating and issued a $50.00 price target (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Finally, Sanford C. Bernstein upgraded Pinterest from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $34.00 to $47.00 in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.47.

Pinterest 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.