Pinterest, Inc. (NYSE:PINS) Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Pinterest, Inc. (NYSE:PINS) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,590 shares of the company’s stock after selling 2,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Pinterest were worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PINS. Sequoia Financial Advisors LLC lifted its holdings in shares of Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock worth $205,000 after acquiring an additional 313 shares during the period. International Assets Investment Management LLC increased its position in Pinterest by 3,154.6% during the third quarter. International Assets Investment Management LLC now owns 29,845 shares of the company’s stock worth $922,000 after purchasing an additional 28,928 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Pinterest by 115.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 14,371 shares of the company’s stock worth $465,000 after purchasing an additional 7,700 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Pinterest by 174.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 84,440 shares of the company’s stock valued at $2,743,000 after purchasing an additional 53,713 shares during the last quarter. Finally, Forsta AP Fonden grew its stake in shares of Pinterest by 11.1% during the 3rd quarter. Forsta AP Fonden now owns 128,800 shares of the company’s stock valued at $4,169,000 after buying an additional 12,900 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PINS has been the topic of a number of research analyst reports. Royal Bank of Canada lifted their target price on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, January 10th. Guggenheim boosted their target price on Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Wells Fargo & Company raised their price target on shares of Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, Roth Capital set a $32.00 price objective on shares of Pinterest in a research note on Monday, February 3rd. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.47.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now directly owns 29,086 shares of the company’s stock, valued at approximately $1,139,880.34. This represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of the firm’s stock in a transaction 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 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. Insiders have sold a total of 7,117 shares of company stock valued at $253,056 in the last quarter. Insiders own 7.11% of the company’s stock.

Pinterest Price Performance

PINS opened at $36.69 on Wednesday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The stock has a market capitalization of $24.89 billion, a PE ratio of 13.64, a P/E/G ratio of 1.95 and a beta of 1.06. The firm’s fifty day moving average price is $33.05 and its 200 day moving average price is $31.94.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (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%. On average, equities research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.