Pinterest, Inc. (NYSE:PINS) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 34.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 447,676 shares of the company's stock after selling 237,610 shares during the period. Sei Investments Co. owned about 0.07% of Pinterest worth $12,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Maverick Capital Ltd. raised its holdings in Pinterest by 47.6% in the third quarter. Maverick Capital Ltd. now owns 57,180 shares of the company's stock valued at $1,851,000 after acquiring an additional 18,430 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Pinterest by 8.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company's stock valued at $49,855,000 after purchasing an additional 119,367 shares during the last quarter. Leibman Financial Services Inc. raised its holdings in shares of Pinterest by 102.2% in the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock valued at $1,862,000 after purchasing an additional 32,464 shares in the last quarter. Janney Capital Management LLC acquired a new stake in shares of Pinterest in the 4th quarter valued at $4,289,000. Finally, Jones Financial Companies Lllp lifted its position in shares of Pinterest by 91.3% during the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock worth $725,000 after purchasing an additional 11,925 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

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Analysts Set New Price Targets

PINS has been the topic of a number of analyst reports. Rosenblatt Securities raised their price target on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their target price on Pinterest from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday. Wedbush boosted their price objective on shares of Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, KeyCorp lowered their target price on shares of Pinterest from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Seven investment 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 target price of $43.17.

Pinterest Stock Performance

NYSE:PINS traded up $0.45 during mid-day trading on Wednesday, reaching $31.45. The stock had a trading volume of 9,668,461 shares, compared to its average volume of 10,087,233. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The business has a 50 day simple moving average of $34.64 and a 200 day simple moving average of $32.43. The firm has a market capitalization of $21.33 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS 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 year.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares of the company's stock, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 12,253 shares of Pinterest stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $32.24, for a total value of $395,036.72. Following the transaction, the insider now directly owns 228,510 shares of the company's stock, valued at approximately $7,367,162.40. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 351,753 shares of company stock valued at $11,640,201. 7.11% of the stock is owned by company insiders.

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.