Pinterest, Inc. (NYSE:PINS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in shares of Pinterest, Inc. (NYSE:PINSFree Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,119 shares of the company’s stock after selling 520 shares during the period. Impax Asset Management Group plc’s holdings in Pinterest were worth $449,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Pinterest by 1.9% during the first quarter. Vanguard Group Inc. now owns 50,128,803 shares of the company’s stock worth $1,233,670,000 after acquiring an additional 958,619 shares during the period. BlackRock Inc. raised its position in Pinterest by 7.4% during the first quarter. BlackRock Inc. now owns 33,930,328 shares of the company’s stock worth $925,280,000 after acquiring an additional 2,349,424 shares during the period. Price T Rowe Associates Inc. MD raised its position in Pinterest by 28.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,743,947 shares of the company’s stock worth $702,039,000 after acquiring an additional 5,670,073 shares during the period. Macquarie Group Ltd. raised its position in Pinterest by 1.5% during the second quarter. Macquarie Group Ltd. now owns 13,145,182 shares of the company’s stock worth $238,716,000 after acquiring an additional 191,507 shares during the period. Finally, State Street Corp raised its position in Pinterest by 2.0% during the first quarter. State Street Corp now owns 12,143,900 shares of the company’s stock worth $298,861,000 after acquiring an additional 235,403 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PINS shares. Susquehanna upped their price objective on shares of Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 target price on shares of Pinterest in a report on Friday, February 9th. JPMorgan Chase & Co. upped their target price on shares of Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Stifel Nicolaus upped their target price on shares of Pinterest from $26.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, Evercore ISI upped their target price on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.97.

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Insider Transactions at Pinterest

In other news, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $36.52, for a total transaction of $70,629.68. Following the sale, the director now directly owns 37,448 shares in the company, valued at approximately $1,367,600.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,471 shares of company stock valued at $6,531,381. 6.85% of the stock is currently owned by corporate insiders.

Pinterest Stock Up 1.6 %

NYSE PINS opened at $34.02 on Friday. The firm’s 50-day moving average is $35.62 and its two-hundred day moving average is $33.70. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60.

Pinterest (NYSE:PINSGet Free Report) last posted its earnings results 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 company had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. On average, equities analysts anticipate that Pinterest, Inc. will post 0.36 EPS for the current year.

About Pinterest

(Free Report)

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.

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Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

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