Robeco Institutional Asset Management B.V. Sells 148,465 Shares of Pinterest, Inc. (NYSE:PINS)

Robeco Institutional Asset Management B.V. decreased its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,112,894 shares of the company's stock after selling 148,465 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.16% of Pinterest worth $32,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Pinterest by 1.2% in the third quarter. State Street Corp now owns 12,773,652 shares of the company's stock worth $413,483,000 after acquiring an additional 156,748 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Pinterest by 0.8% in the 3rd 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 during the period. Ontario Teachers Pension Plan Board increased its stake in Pinterest by 51.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock worth $285,248,000 after purchasing an additional 2,996,750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Pinterest by 8.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company's stock worth $192,423,000 after buying an additional 460,708 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Pinterest in the third quarter valued at approximately $153,829,000. Institutional investors own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the transaction, the director now owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares of the company's stock, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PINS. Morgan Stanley increased their price objective on shares of Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Roth Mkm dropped their price target on Pinterest from $39.00 to $33.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada restated an "outperform" rating and issued a $48.00 price target on shares of Pinterest in a report on Tuesday, December 10th. Rosenblatt Securities dropped their target price on Pinterest from $48.00 to $46.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Oppenheimer reduced their price target on Pinterest from $45.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.70.

Pinterest Price Performance

PINS stock traded up $0.06 during midday trading on Friday, reaching $32.99. 8,996,184 shares of the company were exchanged, compared to its average volume of 9,465,764. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 109.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. The business has a 50-day moving average price of $31.01 and a two-hundred day moving average price of $31.65.

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.