IFM Investors Pty Ltd Buys 9,486 Shares of Pinterest, Inc. (NYSE:PINS)

IFM Investors Pty Ltd boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 8.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 119,737 shares of the company's stock after acquiring an additional 9,486 shares during the period. IFM Investors Pty Ltd's holdings in Pinterest were worth $3,876,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted 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 worth $737,533,000 after purchasing an additional 12,986,310 shares during the period. Norges Bank acquired a new position in Pinterest in the 4th quarter worth $358,205,000. Marshall Wace LLP boosted its stake in Pinterest by 134.1% in 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 period. Ameriprise Financial Inc. boosted its stake in Pinterest by 49.7% in 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 period. Finally, Contour Asset Management LLC acquired a new position in Pinterest in the 4th quarter worth $86,330,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling

In related news, insider Wanjiku Juanita Walcott sold 11,510 shares of Pinterest stock in a transaction on Friday, June 27th. The shares were sold at an average price of $35.68, for a total transaction of $410,676.80. Following the completion of the transaction, the insider owned 390,230 shares of the company's stock, valued at $13,923,406.40. This trade represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Benjamin Silbermann sold 408,332 shares of Pinterest 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 completion of the sale, the director directly owned 6,274 shares of the company's stock, valued at approximately $208,045.84. This trade represents a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,176,362 shares of company stock valued at $39,645,976 over the last quarter. Insiders own 7.06% of the company's stock.

Pinterest Stock Performance

Shares of NYSE:PINS traded down $0.11 during mid-day trading on Thursday, reaching $35.79. 4,920,680 shares of the company's stock were exchanged, compared to its average volume of 11,056,432. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 1.76 and a beta of 0.94. The business's fifty day moving average price is $32.90 and its 200-day moving average price is $32.04. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $43.75.

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 analysts' consensus estimates of $0.25 by ($0.02). The business 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 for the quarter was up 15.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. Analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PINS. KeyCorp increased their price objective on shares of Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Monness Crespi & Hardt dropped their target price on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 9th. BMO Capital Markets dropped their target price on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Wedbush reaffirmed an "outperform" rating and issued a $40.00 target price (up from $38.00) on shares of Pinterest in a report on Friday, May 9th. Finally, Bank of America dropped their target price on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.52.

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.