Robeco Institutional Asset Management B.V. Sells 326,691 Shares of Pinterest, Inc. (NYSE:PINS)

Robeco Institutional Asset Management B.V. reduced its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 889,218 shares of the company's stock after selling 326,691 shares during the period. Robeco Institutional Asset Management B.V. owned 0.13% of Pinterest worth $32,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new position in shares of Pinterest during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in Pinterest in the 4th quarter valued at $30,000. Washington Trust Advisors Inc. grew its position in 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 last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Pinterest during the 4th quarter worth about $43,000. Finally, Blue Trust Inc. raised its position in shares of Pinterest by 87.7% during the fourth quarter. Blue Trust Inc. now owns 1,192 shares of the company's stock valued at $44,000 after buying an additional 557 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

Shares of PINS traded up $0.01 during midday trading on Friday, hitting $42.78. The stock had a trading volume of 4,947,483 shares, compared to its average volume of 12,907,530. The firm has a market cap of $29.23 billion, a price-to-earnings ratio of 203.72, a price-to-earnings-growth ratio of 4.26 and a beta of 0.99. The company has a 50 day simple moving average of $36.07 and a two-hundred day simple moving average of $35.60. Pinterest, Inc. has a twelve month low of $21.84 and a twelve month high of $43.12.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,934 shares of the firm's 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 completion of the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Donnelly Julia Brau sold 65,972 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the transaction, the chief financial officer now directly owns 392,829 shares of the company's stock, valued at approximately $13,521,174.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,934 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now directly 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. Over the last 90 days, insiders sold 166,405 shares of company stock worth $5,855,142. 7.11% of the stock is owned by insiders.

Analyst Ratings Changes

PINS has been the topic of a number of recent research reports. Wedbush lifted their price target on shares of Pinterest from $38.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. Evercore ISI raised their price target on shares of Pinterest from $45.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. BMO Capital Markets lifted their price objective on Pinterest from $45.00 to $46.00 and gave the company an "outperform" rating in a report on Wednesday, May 1st. Roth Mkm increased their target price on Pinterest from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus boosted their price target on Pinterest from $42.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.

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