Centiva Capital LP Sells 10,488 Shares of Pinterest, Inc. (NYSE:PINS)

Centiva Capital LP decreased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 40.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,752 shares of the company's stock after selling 10,488 shares during the quarter. Centiva Capital LP's holdings in Pinterest were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after acquiring an additional 12,986,310 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock valued at $395,441,000 after acquiring an additional 4,527,902 shares during the last quarter. FMR LLC increased its position in shares of Pinterest by 2.6% in 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 last quarter. Norges Bank acquired a new stake in shares of Pinterest in the fourth quarter valued at about $358,205,000. Finally, Marshall Wace LLP increased its position in shares of Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock valued at $310,352,000 after acquiring an additional 6,129,985 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Up 0.9%

Shares of NYSE:PINS traded up $0.29 during trading on Friday, hitting $32.53. 3,243,931 shares of the company were exchanged, compared to its average volume of 10,689,802. The business's 50 day moving average is $28.72 and its 200-day moving average is $31.23. The company has a market capitalization of $22.06 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The company had revenue of $854.99 million during the quarter, compared to analyst estimates of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business's revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

PINS has been the subject of a number of research analyst reports. Barclays reduced their price target on Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Oppenheimer lifted their price target on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Royal Bank of Canada lifted their price target on Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Roth Capital set a $32.00 price target on Pinterest in a report on Monday, February 3rd. Finally, TD Cowen reduced their price target on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.26.

Insider Activity at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company's stock in a transaction 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 sale, the insider now owns 254,211 shares of the company's stock, valued at approximately $8,350,831.35. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Silbermann sold 408,332 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the sale, the director now directly owns 6,274 shares in the company, valued at $208,045.84. This trade represents a 98.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 862,168 shares of company stock worth $28,368,681 over the last three months. Company insiders own 7.06% 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.