Skandinaviska Enskilda Banken AB publ Buys 36,855 Shares of Pinterest, Inc. (NYSE:PINS)

Skandinaviska Enskilda Banken AB publ increased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271,938 shares of the company's stock after acquiring an additional 36,855 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Pinterest were worth $7,930,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PINS. Point72 Asset Management L.P. acquired a new position in shares of Pinterest during the third quarter valued at $153,829,000. Southpoint Capital Advisors LP acquired a new position in Pinterest during the 3rd quarter valued at about $123,006,000. 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 valued at $285,248,000 after buying an additional 2,996,750 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Pinterest during the 4th quarter worth about $61,261,000. Finally, Nordea Investment Management AB lifted its stake in shares of Pinterest by 122.1% in the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock worth $111,515,000 after acquiring an additional 2,093,248 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush boosted their target price on Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Guggenheim boosted their price objective on Pinterest from $33.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Benchmark raised Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research note on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company raised their price objective on shares of Pinterest from $39.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. According to MarketBeat, Pinterest currently has an average rating of "Moderate Buy" and a consensus price target of $43.30.

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Pinterest Stock Performance

Shares of NYSE PINS traded up $0.32 during trading hours on Wednesday, hitting $31.62. The stock had a trading volume of 13,959,663 shares, compared to its average volume of 9,839,422. The company has a market capitalization of $21.45 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.95 and a beta of 1.02. The firm's 50-day moving average price is $34.32 and its two-hundred day moving average price is $32.28. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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 expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Andrea Acosta sold 3,667 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeremy S. Levine sold 50,535 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.98, for a total value of $1,717,179.30. Following the sale, the director now directly owns 1,156,693 shares of the company's stock, valued at $39,304,428.14. The trade was a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,729 shares of company stock valued at $3,617,950 over the last quarter. Insiders own 7.11% of the company's stock.

About Pinterest

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.