Pinterest, Inc. (NYSE:PINS) Shares Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. lifted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 61.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,048 shares of the company's stock after buying an additional 126,999 shares during the quarter. Achmea Investment Management B.V.'s holdings in Pinterest were worth $10,356,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PINS. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Pinterest in the first quarter worth $25,000. Garde Capital Inc. purchased a new stake in Pinterest during the 1st quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new stake in Pinterest during the 4th quarter valued at about $28,000. NBC Securities Inc. grew its holdings in shares of Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after buying an additional 999 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Pinterest during the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total transaction of $31,050.00. Following the transaction, the director now owns 26,786 shares in the company, valued at approximately $723,222. The trade was a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Benjamin Silbermann sold 408,332 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 6,274 shares in the company, valued at $208,045.84. This represents a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,164,852 shares of company stock worth $38,812,675. 7.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. UBS Group dropped their price objective on Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Raymond James Financial downgraded shares of Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th. The Goldman Sachs Group dropped their target price on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus dropped their target price on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, Citigroup restated a "buy" rating and issued a $44.00 price target (up from $41.00) on shares of Pinterest in a research note on Tuesday, June 24th. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.52.

Pinterest Trading Up 2.4%

NYSE PINS traded up $0.85 during trading hours on Friday, reaching $35.98. The company had a trading volume of 21,659,312 shares, compared to its average volume of 11,030,618. The stock has a 50-day moving average of $31.25 and a 200 day moving average of $31.75. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $44.06. The stock has a market capitalization of $24.40 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.77 and a beta of 0.91.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. Pinterest had a return on equity of 8.13% and a net margin of 50.41%. Pinterest's revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 EPS. As a group, sell-side analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

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.