Neuberger Berman Group LLC Sells 62,484 Shares of Pinterest, Inc. (NYSE:PINS)

Neuberger Berman Group LLC decreased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 20.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 239,914 shares of the company's stock after selling 62,484 shares during the period. Neuberger Berman Group LLC's holdings in Pinterest were worth $6,958,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PINS. Leibman Financial Services Inc. lifted its stake in shares of Pinterest by 102.2% during the fourth quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock valued at $1,862,000 after acquiring an additional 32,464 shares during the period. Janney Capital Management LLC bought a new position in shares of Pinterest in the 4th quarter valued at about $4,289,000. Jones Financial Companies Lllp raised its holdings in Pinterest by 91.3% in the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after acquiring an additional 11,925 shares during the period. Everence Capital Management Inc. bought a new position in shares of Pinterest during the fourth quarter worth approximately $520,000. Finally, Swedbank AB raised its position in Pinterest by 2,108.7% during the fourth quarter. Swedbank AB now owns 1,315,052 shares of the company's stock valued at $38,137,000 after purchasing an additional 1,255,513 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PINS has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Barclays raised their price target on shares of Pinterest from $36.00 to $42.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. Cantor Fitzgerald lifted their target price on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Stifel Nicolaus reissued a "buy" rating and issued a $50.00 target price (up from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Finally, UBS Group cut their price target on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.81.

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Pinterest Price Performance

Shares of NYSE PINS traded down $0.18 during mid-day trading on Wednesday, reaching $25.81. 2,814,596 shares of the company traded hands, compared to its average volume of 10,420,217. The firm has a market cap of $17.51 billion, a PE ratio of 9.59, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The stock has a fifty day simple moving average of $33.12 and a 200-day simple moving average of $32.07.

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

Insider Buying and Selling at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business'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 completion of the sale, the director now owns 29,086 shares of the company's stock, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 452,686 shares of company stock worth $14,797,342. Insiders own 7.11% of the company's stock.

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.