IFM Investors Pty Ltd Boosts Holdings in Pinterest, Inc. (NYSE:PINS)

IFM Investors Pty Ltd boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in Pinterest by 20.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock worth $75,000 after purchasing an additional 429 shares during the last quarter. Redwood Investment Management LLC boosted its holdings in Pinterest by 3.2% during the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after purchasing an additional 495 shares during the last quarter. Founders Financial Alliance LLC boosted its holdings in Pinterest by 5.9% during the fourth quarter. Founders Financial Alliance LLC now owns 10,056 shares of the company's stock worth $292,000 after purchasing an additional 560 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Pinterest by 9.3% in the fourth quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company's stock valued at $223,000 after acquiring an additional 656 shares during the last quarter. Finally, Resonant Capital Advisors LLC boosted its stake in Pinterest by 6.2% in the first quarter. Resonant Capital Advisors LLC now owns 11,787 shares of the company's stock valued at $365,000 after acquiring an additional 686 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 408,332 shares of the firm's 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 transaction, the director directly owned 6,274 shares in the company, valued at approximately $208,045.84. This trade represents a 98.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Donnelly Julia Brau sold 29,606 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total value of $1,014,005.50. Following the sale, the chief financial officer directly owned 362,890 shares of the company's stock, valued at approximately $12,428,982.50. This represents a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,176,362 shares of company stock worth $39,645,976 over the last three months. Insiders own 7.11% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Monness Crespi & Hardt dropped their price target on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. BMO Capital Markets decreased their price target 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. Guggenheim reduced their target price on shares of Pinterest from $40.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Benchmark dropped their price target on shares of Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, Oppenheimer raised their target price on shares of Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.52.

Pinterest Trading Up 0.4%

NYSE PINS traded up $0.14 during trading hours on Tuesday, reaching $35.81. The company had a trading volume of 6,710,620 shares, compared to its average volume of 11,046,784. The stock has a 50-day moving average of $32.68 and a 200 day moving average of $32.01. 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 $24.29 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results 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). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The firm had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The firm's quarterly revenue was up 15.5% on a year-over-year basis. 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.