Thrivent Financial for Lutherans Has $12.92 Million Position in Pinterest, Inc. (NYSE:PINS)

Thrivent Financial for Lutherans reduced its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 445,577 shares of the company's stock after selling 100,728 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Pinterest worth $12,921,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest during the 4th quarter valued at $28,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 415 shares in the last quarter. Crewe Advisors LLC boosted its position in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after purchasing an additional 550 shares during the last quarter. True Wealth Design LLC grew its stake in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock valued at $49,000 after purchasing an additional 1,487 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after purchasing an additional 590 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 29,605 shares of Pinterest stock in a transaction on Monday, March 24th. The stock was sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the completion of the transaction, the chief financial officer now directly owns 166,408 shares of the company's stock, valued at approximately $5,649,551.60. This trade represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the transaction, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents 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 237,417 shares of company stock valued at $7,803,946 over the last quarter. 7.11% of the stock is owned by company insiders.

Pinterest Stock Performance

Shares of NYSE:PINS traded down $1.68 during trading on Wednesday, hitting $32.96. 7,756,660 shares of the stock were exchanged, compared to its average volume of 9,907,698. The company's fifty day simple moving average is $34.56 and its 200-day simple moving average is $32.35. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (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%. On average, research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PINS has been the subject of several research reports. Rosenblatt Securities lifted their price target on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, February 7th. Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $34.00 to $47.00 in a research note 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 on the stock in a research report on Tuesday, March 18th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.33.

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.