Robeco Institutional Asset Management B.V. Grows Stock Position in Pinterest, Inc. (NYSE:PINS)

Robeco Institutional Asset Management B.V. grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 10.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,229,400 shares of the company's stock after acquiring an additional 116,506 shares during the period. Robeco Institutional Asset Management B.V. owned 0.18% of Pinterest worth $38,111,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Garde Capital Inc. acquired a new stake in Pinterest during the 1st quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Pinterest during the fourth quarter valued at $28,000. NBC Securities Inc. raised its stake 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 acquiring an additional 999 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Pinterest during the first quarter worth $32,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after purchasing an additional 1,058 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Trading Up 2.4%

NYSE PINS traded up $0.85 during mid-day trading on Friday, hitting $35.98. The company's stock had a trading volume of 21,659,312 shares, compared to its average volume of 11,030,618. The firm has a market capitalization of $24.40 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.77 and a beta of 0.91. The company's 50 day simple moving average is $31.25 and its 200 day simple moving average is $31.75. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $44.06.

Pinterest (NYSE:PINS - Get Free Report) last posted 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). The business had revenue of $854.99 million during 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%. The company's revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. As a group, research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PINS shares. KeyCorp raised their target price on Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. UBS Group decreased their price target on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Thursday, May 15th. BMO Capital Markets reduced their target price on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Wells Fargo & Company decreased their target price on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. Six equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.52.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the company'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 value of $31,050.00. Following the completion of the transaction, the director now directly owns 26,786 shares of the company's stock, valued at $723,222. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $31.86, for a total value of $119,761.74. Following the sale, the chief accounting officer now owns 171,373 shares in the company, valued at $5,459,943.78. This trade represents a 2.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,164,852 shares of company stock valued at $38,812,675 over the last 90 days. Insiders own 7.06% of the company's stock.

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.