Treasurer of the State of North Carolina Acquires 11,650 Shares of Pinterest, Inc. (NYSE:PINS)

Treasurer of the State of North Carolina raised its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,758 shares of the company's stock after purchasing an additional 11,650 shares during the quarter. Treasurer of the State of North Carolina's holdings in Pinterest were worth $9,012,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in Pinterest during the third quarter valued at about $228,000. Geode Capital Management LLC raised its stake 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 acquiring an additional 76,920 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Pinterest by 36.7% in the 3rd quarter. Toronto Dominion Bank now owns 77,842 shares of the company's stock worth $2,520,000 after purchasing an additional 20,881 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Pinterest by 42.2% during the third quarter. Sanctuary Advisors LLC now owns 124,353 shares of the company's stock worth $3,733,000 after purchasing an additional 36,925 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Pinterest during the third quarter worth approximately $87,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at approximately $195,497.84. The trade was a 94.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 254,211 shares in the company, valued at $8,350,831.35. This represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 452,686 shares of company stock valued at $14,797,342 over the last ninety days. Insiders own 7.11% of the company's stock.

Pinterest Trading Down 1.1 %

NYSE PINS traded down $0.29 on Friday, hitting $25.17. 8,877,896 shares of the company were exchanged, compared to its average volume of 10,496,539. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19. The firm has a 50 day moving average of $32.25 and a two-hundred day moving average of $31.92. The company has a market cap of $17.07 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on PINS. Piper Sandler decreased their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Citigroup lowered their price target on Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company cut their price objective on Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research report on Tuesday, April 1st. Finally, Oppenheimer increased their price objective on Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.55.

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.