Robeco Institutional Asset Management B.V. Has $40.83 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Robeco Institutional Asset Management B.V. cut its holdings in Pinterest, Inc. (NYSE:PINS) by 31.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,261,359 shares of the company’s stock after selling 591,761 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Pinterest were worth $40,830,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PINS. Leibman Financial Services Inc. raised its holdings in Pinterest by 0.9% in the 2nd quarter. Leibman Financial Services Inc. now owns 31,390 shares of the company’s stock valued at $1,383,000 after acquiring an additional 266 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Pinterest by 5.2% in the third quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock valued at $205,000 after purchasing an additional 313 shares in the last quarter. Raymond James Trust N.A. lifted its position in Pinterest by 1.1% during the second quarter. Raymond James Trust N.A. now owns 30,012 shares of the company’s stock worth $1,323,000 after purchasing an additional 319 shares during the period. Toronto Dominion Bank grew its stake in Pinterest by 0.7% during the second quarter. Toronto Dominion Bank now owns 56,961 shares of the company’s stock worth $2,510,000 after buying an additional 372 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. increased its holdings in Pinterest by 1.6% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 23,197 shares of the company’s stock valued at $1,022,000 after buying an additional 373 shares during the period. 88.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

PINS has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Pinterest from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Stifel Nicolaus decreased their price target on Pinterest from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Barclays dropped their price objective on Pinterest from $38.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Wedbush lowered their target price on Pinterest from $46.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, The Goldman Sachs Group increased their target price on shares of Pinterest from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.56.

Pinterest Price Performance

NYSE PINS opened at $32.73 on Wednesday. The stock has a market capitalization of $22.46 billion, a P/E ratio of 121.22, a P/E/G ratio of 2.47 and a beta of 1.02. The business has a 50 day simple moving average of $31.77 and a 200 day simple moving average of $36.37. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now owns 33,686 shares in the company, valued at $1,129,154.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares of the company’s stock, valued at $9,729,324.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the completion of the sale, the director now directly owns 33,686 shares of the company’s stock, valued at $1,129,154.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.11% of the company’s stock.

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.