Pinterest, Inc. (NYSE:PINS) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lowered its holdings in Pinterest, Inc. (NYSE:PINS) by 21.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,802 shares of the company’s stock after selling 2,147 shares during the quarter. Wrapmanager Inc.’s holdings in Pinterest were worth $226,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its holdings in Pinterest by 1.2% in the third quarter. State Street Corp now owns 12,773,652 shares of the company’s stock valued at $413,483,000 after acquiring an additional 156,748 shares during the period. Geode Capital Management LLC increased its position in shares of Pinterest by 0.8% in the third quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company’s stock valued at $305,710,000 after buying an additional 76,920 shares in the last quarter. Ontario Teachers Pension Plan Board increased its position in shares of Pinterest by 51.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after buying an additional 2,996,750 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Pinterest by 8.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company’s stock valued at $192,423,000 after buying an additional 460,708 shares in the last quarter. Finally, Ninety One UK Ltd increased its position in shares of Pinterest by 5.4% in the fourth quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company’s stock valued at $158,677,000 after buying an additional 278,362 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Price Performance

NYSE PINS opened at $36.69 on Wednesday. The firm has a market capitalization of $24.89 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The business’s 50-day simple moving average is $33.05 and its 200-day simple moving average is $31.94.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the transaction, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,117 shares of company stock valued at $253,056. Corporate insiders own 7.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PINS shares. Roth Mkm dropped their price target on Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and raised their price target for the company from $34.00 to $47.00 in a research report on Friday, February 7th. Barclays raised their price target on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Guggenheim raised their price target on Pinterest from $33.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $32.00 price target (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.47.

Pinterest 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.