Pinterest, Inc. (NYSE:PINS) Holdings Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its stake in Pinterest, Inc. (NYSE:PINS) by 0.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 116,021 shares of the company’s stock after purchasing an additional 538 shares during the quarter. IFM Investors Pty Ltd’s holdings in Pinterest were worth $4,022,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. AE Wealth Management LLC grew its position in Pinterest by 28.3% during the 3rd quarter. AE Wealth Management LLC now owns 12,085 shares of the company’s stock worth $327,000 after purchasing an additional 2,662 shares in the last quarter. ARK Investment Management LLC raised its position in Pinterest by 23.0% during the third quarter. ARK Investment Management LLC now owns 572,563 shares of the company’s stock valued at $15,476,000 after buying an additional 107,051 shares during the period. Oak Thistle LLC purchased a new stake in Pinterest in the 3rd quarter worth about $846,000. Handelsbanken Fonder AB lifted its stake in Pinterest by 4.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 281,156 shares of the company’s stock worth $7,600,000 after acquiring an additional 11,811 shares in the last quarter. Finally, Simplicity Solutions LLC boosted its position in Pinterest by 6.8% during the 3rd quarter. Simplicity Solutions LLC now owns 7,981 shares of the company’s stock worth $216,000 after acquiring an additional 510 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total value of $65,949.40. Following the completion of the transaction, the director now directly owns 33,580 shares of the company’s stock, valued at $1,145,078. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $34.10, for a total value of $65,949.40. Following the completion of the transaction, the director now owns 33,580 shares of the company’s stock, valued at $1,145,078. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey D. Jordan sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $35.08, for a total transaction of $701,600.00. Following the transaction, the director now owns 34,215 shares of the company’s stock, valued at approximately $1,200,262.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,471 shares of company stock worth $6,525,231. 6.85% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PINS. KeyCorp dropped their target price on Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday. Susquehanna lifted their target price on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a research note on Friday, February 9th. BMO Capital Markets began coverage on Pinterest in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 target price on the stock. Wedbush upped their target price on Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada lifted their price target on Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and a consensus price target of $37.68.

Pinterest Stock Up 4.0 %

Pinterest stock traded up $1.32 during mid-day trading on Friday, reaching $33.96. The company had a trading volume of 12,886,057 shares, compared to its average volume of 6,671,289. The firm has a market cap of $23.06 billion, a price-to-earnings ratio of -566.07, a PEG ratio of 4.47 and a beta of 0.99. The company has a 50 day moving average of $34.56 and a 200-day moving average of $34.14. Pinterest, Inc. has a 52 week low of $20.60 and a 52 week high of $41.60.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The business had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. On average, analysts predict that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

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.