Flossbach Von Storch AG Cuts Position in Pinterest, Inc. (NYSE:PINS)

Flossbach Von Storch AG reduced its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 27.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214,240 shares of the company's stock after selling 82,900 shares during the quarter. Flossbach Von Storch AG's holdings in Pinterest were worth $7,935,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD increased its position in shares of Pinterest by 372.5% during 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 during the last quarter. Renaissance Technologies LLC increased its position in shares of Pinterest by 262.8% during 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 during the last quarter. Norges Bank bought a new position in shares of Pinterest during the 4th quarter valued at about $149,748,000. Fred Alger Management LLC increased its position in shares of Pinterest by 279,496.9% during the 3rd quarter. Fred Alger Management LLC now owns 4,672,065 shares of the company's stock valued at $126,286,000 after purchasing an additional 4,670,394 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Pinterest by 43.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company's stock valued at $300,639,000 after purchasing an additional 3,390,924 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Up 0.4 %

Shares of Pinterest stock traded up $0.14 on Thursday, reaching $32.92. The company's stock had a trading volume of 5,194,538 shares, compared to its average volume of 9,546,318. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of -550.57, a P/E/G ratio of 4.48 and a beta of 0.99. The firm's fifty day simple moving average is $35.03 and its two-hundred day simple moving average is $33.94. Pinterest, Inc. has a 52 week low of $20.60 and a 52 week high of $41.60.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The business had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. As a group, research analysts predict that Pinterest, Inc. will post 0.36 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the sale, the director now owns 31,646 shares of the company's stock, valued at $1,055,077.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the sale, the director now owns 31,646 shares of the company's stock, valued at $1,055,077.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey D. Jordan sold 20,000 shares of Pinterest stock in a transaction on Monday, April 1st. The stock was sold at an average price of $35.08, for a total value of $701,600.00. Following the completion of the sale, the director now directly owns 34,215 shares of the company's stock, valued at approximately $1,200,262.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,471 shares of company stock valued at $6,525,231. Corporate insiders own 6.85% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Pinterest from $26.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 9th. Piper Sandler reiterated an "overweight" rating and issued a $48.00 price objective on shares of Pinterest in a report on Tuesday, March 26th. Rosenblatt Securities reiterated a "buy" rating and issued a $45.00 price objective on shares of Pinterest in a report on Friday, February 9th. Roth Mkm increased their price objective on Pinterest from $37.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Finally, Royal Bank of Canada increased 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. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company's stock. According to data from MarketBeat, Pinterest presently has an average rating of "Moderate Buy" and a consensus price target of $37.97.

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.