Tredje AP fonden Sells 46,093 Shares of Pinterest, Inc. (NYSE:PINS)

Tredje AP fonden lowered its position in Pinterest, Inc. (NYSE:PINS) by 50.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,094 shares of the company’s stock after selling 46,093 shares during the quarter. Tredje AP fonden’s holdings in Pinterest were worth $1,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in Pinterest by 615.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,375 shares of the company’s stock valued at $6,507,000 after acquiring an additional 192,998 shares in the last quarter. Founders Financial Alliance LLC boosted its position in Pinterest by 5.9% during the 4th quarter. Founders Financial Alliance LLC now owns 10,056 shares of the company’s stock valued at $292,000 after acquiring an additional 560 shares in the last quarter. Clare Market Investments LLC bought a new stake in Pinterest during the 4th quarter valued at $252,000. Independent Advisor Alliance boosted its position in Pinterest by 26.3% during the 4th quarter. Independent Advisor Alliance now owns 10,916 shares of the company’s stock valued at $317,000 after acquiring an additional 2,274 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Pinterest by 2.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 65,496 shares of the company’s stock valued at $1,900,000 after acquiring an additional 1,335 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 2.5 %

NYSE:PINS opened at $31.92 on Friday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The stock has a market capitalization of $21.65 billion, a PE ratio of 11.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The stock’s 50-day moving average price is $34.34 and its 200-day moving average price is $32.27.

Pinterest (NYSE:PINS) last posted its earnings results 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%. Sell-side analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the sale, the insider now directly owns 254,211 shares in the company, valued at approximately $8,350,831.35. The trade was a 2.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,941 shares of Pinterest stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $35.75, for a total value of $140,890.75. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,152,611.75. The trade was a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,879 shares of company stock worth $3,653,577 in the last ninety days. Company insiders own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PINS. Barclays increased their target price on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Oppenheimer increased their price objective on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, February 7th. Morgan Stanley increased their price objective on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Roth Capital set a $32.00 price objective on Pinterest in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.