Nuveen Asset Management LLC Has $43.86 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Nuveen Asset Management LLC cut its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,512,388 shares of the company's stock after selling 13,827 shares during the period. Nuveen Asset Management LLC owned 0.22% of Pinterest worth $43,859,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in shares of Pinterest in the 4th quarter valued at about $28,000. Strategic Investment Solutions Inc. IL lifted 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 purchasing an additional 1,204 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in 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 during the period. Huntington National Bank increased its position in Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after buying an additional 1,680 shares during the last quarter. Finally, CoreCap Advisors LLC increased its position in Pinterest by 98.5% during the fourth quarter. CoreCap Advisors LLC now owns 2,096 shares of the company's stock worth $61,000 after buying an additional 1,040 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Price Performance

Shares of PINS stock traded down $0.49 on Thursday, hitting $31.73. 9,209,019 shares of the company's stock were exchanged, compared to its average volume of 10,787,693. The company has a 50 day moving average of $28.74 and a 200 day moving average of $31.23. The stock has a market cap of $21.52 billion, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. 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 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 period in the previous year, the firm posted $0.17 EPS. The firm's revenue was up 15.5% compared to the same quarter last year. Sell-side analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $31.97, for a total transaction of $36,765.50. Following the sale, the director now directly owns 25,636 shares of the company's stock, valued at approximately $819,582.92. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the sale, the insider now owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 964,251 shares of company stock worth $31,640,305 in the last three months. 7.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PINS shares. UBS Group reduced their target price on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 11th. KeyCorp lifted their price objective on shares of Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Citigroup upped their price objective on shares of Pinterest from $38.00 to $41.00 and gave the company a "buy" rating in a report on Friday, May 9th. Piper Sandler cut their target price on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Royal Bank of Canada lifted their target price on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, Pinterest presently has an average rating of "Moderate Buy" and a consensus price target 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.