Pinterest, Inc. (NYSE:PINS) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 943,200 shares of the company's stock after selling 91,306 shares during the period. California Public Employees Retirement System owned about 0.14% of Pinterest worth $27,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in Pinterest during the 4th quarter worth about $28,000. GAMMA Investing LLC grew its position in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after buying an additional 590 shares in the last quarter. Manchester Capital Management LLC increased its stake in shares of Pinterest by 17,692.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock worth $67,000 after buying an additional 2,300 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Pinterest by 20.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock valued at $75,000 after acquiring an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Stock Performance

PINS stock opened at $27.54 on Friday. The stock has a market capitalization of $18.68 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The company has a fifty day moving average of $34.54 and a 200-day moving average of $32.40. Pinterest, Inc. has a one year low of $26.95 and a one year high of $45.19.

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Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data 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 analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

PINS has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on shares of Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. KeyCorp dropped their target price on Pinterest from $46.00 to $41.00 and set an "overweight" rating on the stock in a report on Tuesday, March 18th. Piper Sandler reaffirmed a "neutral" rating and set a $41.00 price target (up from $36.00) on shares of Pinterest in a report on Friday, February 7th. Wedbush increased their price objective on Pinterest from $38.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group restated a "hold" rating and set a $32.00 target price (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Seven equities research 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.17.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the sale, the director now owns 6,274 shares of the company's stock, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were 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 directly owns 254,211 shares of the company's stock, valued at $8,350,831.35. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 453,836 shares of company stock worth $14,832,336 over the last three months. 7.11% of the stock is currently owned by corporate insiders.

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.

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