Pinterest, Inc. (NYSE:PINS) Stock Position Decreased by Swiss National Bank

Swiss National Bank cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,819,500 shares of the company’s stock after selling 92,000 shares during the period. Swiss National Bank’s holdings in Pinterest were worth $67,394,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PINS. JFG Wealth Management LLC purchased a new stake in shares of Pinterest in the 4th quarter valued at approximately $667,000. a16z Perennial Management L.P. purchased a new stake in shares of Pinterest in the fourth quarter valued at $3,647,000. Howe & Rusling Inc. lifted its holdings in shares of Pinterest by 2.0% in the fourth quarter. Howe & Rusling Inc. now owns 115,964 shares of the company’s stock valued at $4,295,000 after purchasing an additional 2,304 shares in the last quarter. Cannell & Co. boosted its position in shares of Pinterest by 153.9% in the fourth quarter. Cannell & Co. now owns 1,233,723 shares of the company’s stock worth $45,697,000 after buying an additional 747,820 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new position in shares of Pinterest during the fourth quarter valued at $311,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Down 0.2 %

Shares of PINS stock opened at $40.41 on Monday. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60. The company has a market cap of $27.61 billion, a PE ratio of 192.44, a price-to-earnings-growth ratio of 4.02 and a beta of 0.99. The business’s 50 day moving average is $34.79 and its two-hundred day moving average is $34.58.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. As a group, equities analysts expect that Pinterest, Inc. will post 0.43 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In other news, insider Sabrina Ellis sold 24,410 shares of Pinterest stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total value of $866,310.90. Following the transaction, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the sale, the director now directly owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sabrina Ellis sold 24,410 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total transaction of $866,310.90. Following the completion of the sale, the insider now owns 500,504 shares in the company, valued at $17,762,886.96. The disclosure for this sale can be found here. Insiders sold 164,471 shares of company stock worth $5,773,431 over the last ninety days. Company insiders own 7.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on PINS shares. Evercore ISI increased their price objective on Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company increased their price target on shares of Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Royal Bank of Canada boosted their price objective on shares of Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $48.00 target price (up previously from $45.00) on shares of Pinterest in a research note on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $40.82.

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.