USS Investment Management Ltd Cuts Stock Holdings in Pinterest, Inc. (NYSE:PINS)

USS Investment Management Ltd decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 10.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,347 shares of the company's stock after selling 13,041 shares during the period. USS Investment Management Ltd's holdings in Pinterest were worth $3,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PINS. Worldquant Millennium Advisors LLC boosted its holdings in Pinterest by 12,207.2% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 2,023,062 shares of the company's stock worth $58,669,000 after purchasing an additional 2,006,624 shares during the last quarter. Vident Advisory LLC increased its holdings in Pinterest by 10.4% in the 4th quarter. Vident Advisory LLC now owns 97,771 shares of the company's stock valued at $2,835,000 after acquiring an additional 9,208 shares during the last quarter. Southpoint Capital Advisors LP increased its holdings in Pinterest by 5.3% in the 4th quarter. Southpoint Capital Advisors LP now owns 4,000,000 shares of the company's stock valued at $116,000,000 after acquiring an additional 200,000 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Pinterest by 25.8% in the 4th quarter. Two Sigma Investments LP now owns 58,871 shares of the company's stock worth $1,707,000 after buying an additional 12,058 shares in the last quarter. Finally, Temasek Holdings Private Ltd purchased a new position in shares of Pinterest in the 4th quarter worth $23,730,000. Institutional investors own 88.81% of the company's stock.

Insider Activity at Pinterest

In other news, CAO Andrea Acosta sold 3,941 shares of the business's 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 owns 144,129 shares of the company's stock, valued at $5,152,611.75. The trade was a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeremy S. Levine sold 50,535 shares of the business's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the sale, the director now directly owns 1,156,693 shares of the company's stock, valued at $39,304,428.14. This represents a 4.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 964,343 shares of company stock valued at $31,622,701 over the last ninety days. 7.06% of the stock is owned by company insiders.

Pinterest Trading Down 0.8%

PINS stock traded down $0.25 during midday trading on Thursday, hitting $31.19. The company's stock had a trading volume of 1,697,646 shares, compared to its average volume of 10,788,938. The firm's 50-day moving average is $28.70 and its 200-day moving average is $31.19. The company has a market cap of $21.15 billion, a PE ratio of 11.58, a P/E/G 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 quarterly earnings data 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 net margin of 51.07% and a return on equity of 8.10%. 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 business earned $0.17 EPS. The company's revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

PINS has been the subject of several research reports. KeyCorp boosted their price objective on shares of Pinterest from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. UBS Group cut their price target on shares of Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Stifel Nicolaus dropped their price objective on shares of Pinterest from $50.00 to $36.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Finally, Benchmark reduced their price objective 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. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.26.

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.