Tredje AP fonden Has $1.34 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Tredje AP fonden reduced its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 50.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,094 shares of the company's stock after selling 46,093 shares during the quarter. Tredje AP fonden's holdings in Pinterest were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Pinterest by 1.2% in the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company's stock valued at $413,483,000 after acquiring an additional 156,748 shares during the last quarter. Geode Capital Management LLC increased 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 during the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Pinterest by 51.5% in 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 acquiring an additional 2,996,750 shares during the last quarter. Ninety One UK Ltd increased its stake in shares of Pinterest by 5.4% in the 4th quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company's stock valued at $158,677,000 after acquiring an additional 278,362 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Pinterest in the 3rd quarter valued at about $153,829,000. 88.81% of the stock is owned by institutional investors.

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Pinterest Trading Up 1.0 %

PINS stock traded up $0.32 during trading hours on Wednesday, hitting $31.62. 13,959,724 shares of the stock were exchanged, compared to its average volume of 9,839,423. The firm 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 company has a 50-day simple moving average of $34.32 and a two-hundred day simple moving average of $32.28. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 105,729 shares of company stock worth $3,617,950 in the last 90 days. Company insiders own 7.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PINS shares. Roth Capital set a $32.00 target price on Pinterest in a research note on Monday, February 3rd. Raymond James increased their target price on Pinterest from $34.00 to $42.00 and gave the stock an "outperform" 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. Guggenheim increased their target price on Pinterest from $33.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Finally, Piper Sandler reissued a "neutral" rating and set a $41.00 target price (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.30.

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.