Pinterest, Inc. (NYSE:PINS) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in Pinterest, Inc. (NYSE:PINS) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 276,622 shares of the company’s stock after acquiring an additional 5,000 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Pinterest were worth $8,022,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Pinterest by 2.6% during the fourth quarter. FMR LLC now owns 12,599,356 shares of the company’s stock valued at $365,381,000 after acquiring an additional 316,633 shares during the period. Norges Bank acquired a new position in shares of Pinterest during the 4th quarter valued at $358,205,000. Marshall Wace LLP raised its stake in shares of Pinterest by 134.1% in the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock worth $310,352,000 after buying an additional 6,129,985 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Pinterest by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,648,352 shares of the company’s stock valued at $279,281,000 after buying an additional 181,767 shares during the period. Finally, Ninety One UK Ltd boosted its stake in Pinterest by 5.4% during 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 $24.24 on Tuesday. The company’s fifty day moving average is $31.95 and its two-hundred day moving average is $31.84. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19. The firm has a market capitalization of $16.44 billion, a price-to-earnings ratio of 9.01, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS) last issued its quarterly earnings results 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 net margin of 51.07% and a return on equity of 8.10%. As a group, sell-side analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the transaction, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. The trade was a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 452,686 shares of company stock valued at $14,797,342 in the last 90 days. 7.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PINS has been the subject of a number of research analyst reports. Piper Sandler cut their price target on shares of Pinterest from $41.00 to $34.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Royal Bank of Canada raised their target price on shares of Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Benchmark raised Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday, February 7th. Oppenheimer raised their price objective on Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Citigroup reduced their target price on Pinterest from $47.00 to $38.00 and set a “buy” rating for the company in a report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.55.

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.