Pinterest, Inc. (NYSE:PINS) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH grew its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 679.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,408 shares of the company's stock after purchasing an additional 42,197 shares during the period. Siemens Fonds Invest GmbH's holdings in Pinterest were worth $1,404,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its position in shares of Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after acquiring an additional 12,986,310 shares in the last quarter. Norges Bank bought a new stake in Pinterest in the 4th quarter worth approximately $358,205,000. Marshall Wace LLP grew its position 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. grew its position 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 bought a new stake in Pinterest in the 4th quarter worth approximately $86,330,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Pinterest news, CAO Andrea Acosta sold 3,941 shares of Pinterest stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.75, for a total transaction of $140,890.75. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,152,611.75. This trade represents a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total transaction of $31,050.00. Following the sale, the director now owns 26,786 shares of the company's stock, valued at approximately $723,222. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,066,426 shares of company stock valued at $34,835,253 over the last ninety days. Company insiders own 7.06% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PINS shares. Royal Bank of Canada boosted their price objective on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on shares of Pinterest from $30.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, May 9th. UBS Group cut their price objective on shares of Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Oppenheimer boosted their price objective on shares of Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Finally, Sanford C. Bernstein upgraded shares of Pinterest from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $34.00 to $47.00 in a research note 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 company's stock. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.26.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.83 during midday trading on Monday, hitting $31.94. The company's stock had a trading volume of 7,425,319 shares, compared to its average volume of 10,832,625. The business's 50 day simple moving average is $28.55 and its 200 day simple moving average is $31.25. The company has a market cap of $21.66 billion, a P/E ratio of 11.87, 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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $854.99 million during the quarter, compared to analysts' expectations of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.17 earnings per share. On average, sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Pinterest 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.