Pinterest, Inc. (NYSE:PINS) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 452,421 shares of the company's stock after selling 13,502 shares during the quarter. Ensign Peak Advisors Inc owned 0.07% of Pinterest worth $13,120,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Whipplewood Advisors LLC purchased a new position in Pinterest during the 4th quarter worth $28,000. GAMMA Investing LLC boosted its position in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after purchasing an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in Pinterest by 401.3% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after acquiring an additional 1,204 shares during the period. V Square Quantitative Management LLC increased its stake in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after purchasing an additional 590 shares in the last quarter. Finally, Huntington National Bank increased its stake in Pinterest by 484.1% during the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after buying an additional 1,680 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

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 stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the chief accounting officer now owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This represents a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 453,836 shares of company stock worth $14,828,392. Insiders own 7.06% of the company's stock.

Pinterest Stock Down 1.9%

NYSE PINS traded down $0.61 during trading hours on Thursday, hitting $32.28. 8,853,035 shares of the stock were exchanged, compared to its average volume of 10,714,190. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The stock has a 50-day moving average of $28.74 and a 200 day moving average of $31.22. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The company had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald increased their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. BMO Capital Markets dropped their target price on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Barclays cut their price target on shares of Pinterest from $42.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Benchmark lowered their target price on Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and a consensus target price of $40.26.

About Pinterest

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.