Pinterest, Inc. (NYSE:PINS) Holdings Lifted by National Pension Service

National Pension Service boosted its position in shares of Pinterest, Inc. (NYSE:PINS) by 7.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,118,575 shares of the company’s stock after purchasing an additional 75,059 shares during the period. National Pension Service’s holdings in Pinterest were worth $32,439,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PINS. Point72 Asset Management L.P. acquired a new stake in Pinterest during the third quarter valued at $153,829,000. Southpoint Capital Advisors LP acquired a new stake in Pinterest during the third quarter valued at $123,006,000. Ontario Teachers Pension Plan Board boosted its position in Pinterest by 51.5% during 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 purchasing an additional 2,996,750 shares during the last quarter. Nordea Investment Management AB boosted its position in Pinterest by 122.1% during the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock valued at $111,515,000 after purchasing an additional 2,093,248 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in Pinterest by 582.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,266,948 shares of the company’s stock valued at $65,741,000 after purchasing an additional 1,934,653 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on PINS shares. Rosenblatt Securities lifted their price objective on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Morgan Stanley boosted their price target on Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Oppenheimer boosted their price target on Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Roth Mkm reduced 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. Finally, Royal Bank of Canada boosted their price target on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and an average target price of $43.47.

Pinterest Stock Up 2.3 %

Shares of PINS opened at $37.02 on Friday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The firm has a market capitalization of $25.10 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.95 and a beta of 1.06. The stock’s 50-day moving average price is $33.44 and its 200 day moving average price is $32.05.

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%. Equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity

In other news, CAO Andrea Acosta sold 3,667 shares of the company’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 sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $34,994.50. Following the completion of the transaction, the director now directly owns 30,236 shares in the company, valued at $920,081.48. The trade was a 3.66 % 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 worth $253,056. 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.