Pinterest, Inc. (NYSE:PINS) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in Pinterest, Inc. (NYSE:PINS) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,449,622 shares of the company’s stock after selling 138,196 shares during the period. American Century Companies Inc. owned 0.66% of Pinterest worth $129,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vestor Capital LLC acquired a new position in shares of Pinterest in the 4th quarter valued at $2,747,000. Virtu Financial LLC purchased a new stake in Pinterest during the 4th quarter valued at about $554,000. Quantbot Technologies LP purchased a new stake in Pinterest during the 4th quarter valued at about $7,637,000. Sciencast Management LP acquired a new position in shares of Pinterest in the fourth quarter valued at about $404,000. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Pinterest in the fourth quarter worth about $106,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the sale, the insider now directly owns 254,211 shares in the company, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 207,812 shares of company stock worth $6,798,857 in the last 90 days. Insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PINS. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $34.00 to $47.00 in a report on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Rosenblatt Securities upped their price target on shares of Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, February 7th. TD Cowen initiated coverage on Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Barclays upped their target price on Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.30.

Pinterest Stock Up 3.3 %

Shares of PINS opened at $32.45 on Monday. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The stock has a fifty day simple moving average of $34.39 and a two-hundred day simple moving average of $32.29. The company has a market capitalization of $22.01 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

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

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.