Ethic Inc. Has $1.14 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Ethic Inc. lessened its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,382 shares of the company's stock after selling 16,345 shares during the quarter. Ethic Inc.'s holdings in Pinterest were worth $1,142,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD increased its stake in Pinterest by 104.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after buying an additional 12,986,310 shares during the period. Norges Bank acquired a new position in shares of Pinterest during the 4th quarter worth $358,205,000. Marshall Wace LLP increased its stake in shares of Pinterest by 134.1% during the 4th quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock worth $310,352,000 after purchasing an additional 6,129,985 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after purchasing an additional 4,527,902 shares during the last quarter. Finally, Contour Asset Management LLC acquired a new position in shares of Pinterest during the 4th quarter worth $86,330,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.32 during midday trading on Friday, reaching $32.56. 11,143,283 shares of the company's stock were exchanged, compared to its average volume of 10,711,178. The firm has a market capitalization of $22.08 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The company's 50 day simple moving average is $28.72 and its two-hundred day simple moving average is $31.23. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The business had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Transactions at Pinterest

In other Pinterest news, 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 value of $13,540,289.12. Following the transaction, the director now directly owns 6,274 shares in the company, valued at $208,045.84. The trade was a 98.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now owns 29,086 shares in the company, valued at approximately $1,139,880.34. This represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 862,168 shares of company stock valued at $28,368,681 over the last 90 days. 7.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PINS has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Pinterest from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Raymond James lowered shares of Pinterest from an "overweight" rating to a "market perform" rating in a research note on Monday, April 7th. The Goldman Sachs Group dropped their price target on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. BMO Capital Markets dropped their price target on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Finally, Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.