Charles Schwab Investment Management Inc. Buys 158,925 Shares of Pinterest, Inc. (NYSE:PINS)

Charles Schwab Investment Management Inc. lifted its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,967,316 shares of the company's stock after purchasing an additional 158,925 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Pinterest worth $146,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in shares of Pinterest in the 4th quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new position in shares of Pinterest in the 4th quarter worth approximately $30,000. Washington Trust Advisors Inc. lifted its position in shares of Pinterest by 46.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company's stock worth $38,000 after purchasing an additional 326 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Pinterest in the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. lifted its position in shares of Pinterest by 87.7% during the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company's stock valued at $44,000 after acquiring an additional 557 shares during the period. 88.81% of the stock is owned by institutional investors.

Pinterest Stock Down 1.5 %

PINS traded down $0.65 during trading on Friday, hitting $42.00. 9,970,253 shares of the company traded hands, compared to its average volume of 11,528,110. The firm has a market cap of $28.69 billion, a P/E ratio of 200.01, a price-to-earnings-growth ratio of 4.25 and a beta of 0.99. The stock's fifty day moving average is $35.40 and its 200 day moving average is $35.07. Pinterest, Inc. has a one year low of $21.02 and a one year high of $42.95.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. The firm had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. On average, equities research analysts forecast that Pinterest, Inc. will post 0.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares in the company, valued at $1,055,077.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Sabrina Ellis sold 24,410 shares of the firm's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the transaction, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,934 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares of the company's stock, valued at $1,055,077.64. The disclosure for this sale can be found here. Insiders sold 164,471 shares of company stock worth $5,773,431 over the last quarter. 7.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PINS has been the topic of a number of research reports. Loop Capital boosted their target price on shares of Pinterest from $43.00 to $49.00 and gave the company a "buy" rating in a research report on Monday, May 6th. JPMorgan Chase & Co. boosted their target price on shares of Pinterest from $38.00 to $44.00 and gave the company a "neutral" rating in a research report on Wednesday, May 1st. Royal Bank of Canada boosted their target price on shares of Pinterest from $48.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. Roth Mkm boosted their target price on shares of Pinterest from $38.00 to $40.00 and gave the company a "neutral" rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company boosted their price target on shares of Pinterest from $47.00 to $48.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Pinterest currently has an average rating of "Moderate Buy" and an average price target of $41.26.

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.