Sterling Capital Management LLC Has $285,000 Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Sterling Capital Management LLC reduced its stake in shares of Pinterest, Inc. (NYSE:PINS) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,830 shares of the company’s stock after selling 1,225 shares during the quarter. Sterling Capital Management LLC’s holdings in Pinterest were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Whipplewood Advisors LLC bought a new position in Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC increased its stake in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares during the last quarter. V Square Quantitative Management LLC raised its position in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares in the last quarter. Huntington National Bank lifted its stake in Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company’s stock worth $59,000 after purchasing an additional 1,680 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in shares of Pinterest by 17,692.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock valued at $67,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Price Performance

PINS stock opened at $25.17 on Monday. The company’s 50-day moving average is $32.25 and its 200-day moving average is $31.91. The stock has a market capitalization of $17.07 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $45.19.

Pinterest (NYSE:PINS) 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 net margin of 51.07% and a return on equity of 8.10%. On average, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the completion of the sale, the director now directly owns 6,274 shares of the company’s stock, valued at approximately $195,497.84. This represents a 94.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the transaction, the insider now directly 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. Over the last three months, insiders have sold 452,686 shares of company stock valued at $14,797,342. Corporate insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James lowered Pinterest from an “overweight” rating to a “market perform” rating in a research note on Monday, April 7th. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $47.00 in a report on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of Pinterest from $47.00 to $42.00 and set an “overweight” rating on the stock in a research note on Monday, March 31st. Finally, The Goldman Sachs Group dropped their price target on Pinterest from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $41.55.

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.