Strs Ohio Has $24.53 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Strs Ohio raised its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 94.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 662,224 shares of the company's stock after buying an additional 322,381 shares during the quarter. Strs Ohio owned approximately 0.10% of Pinterest worth $24,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Pinterest by 372.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,073,874 shares of the company's stock valued at $487,394,000 after purchasing an additional 15,825,757 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Pinterest by 262.8% in the 1st quarter. Renaissance Technologies LLC now owns 11,515,600 shares of the company's stock valued at $283,399,000 after purchasing an additional 8,341,222 shares in the last quarter. Norges Bank acquired a new position in shares of Pinterest in the 4th quarter valued at about $149,748,000. Fred Alger Management LLC lifted its position in Pinterest by 279,496.9% during the 3rd quarter. Fred Alger Management LLC now owns 4,672,065 shares of the company's stock worth $126,286,000 after acquiring an additional 4,670,394 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Pinterest by 43.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company's stock worth $300,639,000 after acquiring an additional 3,390,924 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,934 shares of the firm's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40. Following the completion of the transaction, the director now owns 33,580 shares of the company's stock, valued at $1,145,078. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total value of $65,949.40. Following the completion of the transaction, the director now owns 33,580 shares in the company, valued at approximately $1,145,078. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares of the company's stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Insiders sold 184,471 shares of company stock valued at $6,531,381 over the last 90 days. 6.85% of the stock is currently owned by corporate insiders.

Pinterest Stock Performance

Shares of NYSE:PINS traded up $0.12 on Tuesday, hitting $32.70. The company's stock had a trading volume of 4,705,361 shares, compared to its average volume of 9,642,249. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60. The company has a market capitalization of $22.20 billion, a price-to-earnings ratio of -546.24, a price-to-earnings-growth ratio of 4.60 and a beta of 0.99. The stock's 50-day moving average is $35.36 and its two-hundred day moving average is $33.91.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. The company had revenue of $981.26 million during the quarter, compared to analysts' expectations of $988.62 million. Equities analysts expect that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on PINS. Rosenblatt Securities reissued a "buy" rating and set a $45.00 price target on shares of Pinterest in a research report on Friday, February 9th. KeyCorp lifted their price objective on Pinterest from $37.00 to $48.00 and gave the stock an "overweight" rating in a report on Monday, February 5th. Royal Bank of Canada lifted their price objective on Pinterest from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Friday, February 9th. Stifel Nicolaus lifted their price objective on Pinterest from $26.00 to $32.00 and gave the stock a "buy" rating in a report on Tuesday, January 9th. Finally, Argus upgraded Pinterest from a "hold" rating to a "buy" rating and set a $45.00 price objective on the stock in a report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $37.97.

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.