Vontobel Holding Ltd. Sells 64,825 Shares of Pinterest, Inc. (NYSE:PINS)

Vontobel Holding Ltd. trimmed its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 59.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,472 shares of the company's stock after selling 64,825 shares during the quarter. Vontobel Holding Ltd.'s holdings in Pinterest were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ARK Investment Management LLC raised its stake in shares of Pinterest by 152.3% in the fourth quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company's stock valued at $53,507,000 after acquiring an additional 872,016 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Pinterest by 57.9% in the fourth quarter. Nordea Investment Management AB now owns 882,233 shares of the company's stock valued at $32,766,000 after acquiring an additional 323,547 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Pinterest by 53.1% in the third quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company's stock valued at $84,826,000 after acquiring an additional 1,089,299 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Pinterest by 55.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company's stock valued at $6,477,000 after acquiring an additional 62,117 shares during the last quarter. Finally, National Bank of Canada FI raised its position in Pinterest by 1,059.5% in the 3rd quarter. National Bank of Canada FI now owns 85,723 shares of the company's stock worth $2,318,000 after purchasing an additional 78,330 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

PINS has been the subject of several research analyst reports. Roth Mkm boosted their price objective on shares of Pinterest from $37.00 to $38.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Stifel Nicolaus boosted their price objective on shares of Pinterest from $26.00 to $32.00 and gave the stock a "buy" rating in a research report on Tuesday, January 9th. Royal Bank of Canada boosted their price objective on shares of Pinterest from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. Wedbush boosted their price objective on shares of Pinterest from $35.00 to $38.00 and gave the stock a "neutral" rating in a research report on Friday, February 9th. Finally, BMO Capital Markets initiated coverage on shares of Pinterest in a research report on Tuesday, January 9th. They issued an "outperform" rating and a $45.00 price objective for the company. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.97.

Pinterest Trading Down 1.5 %

Shares of PINS stock traded down $0.51 on Friday, hitting $32.40. The stock had a trading volume of 8,357,450 shares, compared to its average volume of 6,779,753. Pinterest, Inc. has a twelve month low of $20.60 and a twelve month high of $41.60. The firm has a market cap of $22.00 billion, a P/E ratio of -540.00, a PEG ratio of 4.51 and a beta of 0.99. The company has a fifty day moving average price of $34.79 and a two-hundred day moving average price of $34.03.

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

Insiders Place Their Bets

In other Pinterest news, Director Jeffrey D. Jordan sold 20,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the completion of the transaction, the director now owns 74,215 shares in the company, valued at approximately $2,789,741.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Pinterest news, Director Jeffrey D. Jordan sold 20,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the completion of the transaction, the director now owns 74,215 shares in the company, valued at approximately $2,789,741.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the transaction, the director now owns 31,646 shares of the company's stock, valued at approximately $1,055,077.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 184,471 shares of company stock worth $6,525,231. Corporate insiders own 6.85% 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.