Pinterest, Inc. (NYSE:PINS) Stock Position Decreased by Baillie Gifford & Co.

Baillie Gifford & Co. lessened its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,917,829 shares of the company's stock after selling 790,867 shares during the quarter. Baillie Gifford & Co. owned approximately 1.32% of Pinterest worth $258,617,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PINS. Exchange Traded Concepts LLC boosted its position in shares of Pinterest by 52.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 12,295 shares of the company's stock valued at $398,000 after acquiring an additional 4,223 shares during the last quarter. NBC Securities Inc. acquired a new position in Pinterest in the third quarter valued at about $173,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Pinterest by 3.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 119,729 shares of the company's stock worth $3,876,000 after purchasing an additional 4,478 shares during the period. V Square Quantitative Management LLC purchased a new stake in Pinterest during the third quarter worth about $37,000. Finally, Blue Trust Inc. increased its stake in Pinterest by 244.6% during the third quarter. Blue Trust Inc. now owns 7,830 shares of the company's stock worth $253,000 after purchasing an additional 5,558 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PINS. Cantor Fitzgerald boosted their price target on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Stifel Nicolaus restated a "buy" rating and set a $50.00 target price (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Rosenblatt Securities upped their target price on shares of Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research note on Friday, February 7th. Finally, Wedbush upped their target price on shares of Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat, Pinterest currently has an average rating of "Moderate Buy" and an average price target of $43.86.

Pinterest Trading Up 2.5 %

PINS traded up $0.97 during midday trading on Thursday, hitting $39.66. The company's stock had a trading volume of 11,980,771 shares, compared to its average volume of 12,332,755. The firm has a market cap of $26.90 billion, a P/E ratio of 14.74, a PEG ratio of 1.93 and a beta of 1.06. The firm has a 50-day moving average price of $32.78 and a two-hundred day moving average price of $31.78. 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 issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insiders Place Their Bets

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the transaction, the insider now owns 246,921 shares of the company's stock, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,157 shares of company stock worth $600,010 in the last 90 days. 7.11% of the stock is 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.