OMERS ADMINISTRATION Corp Sells 14,734 Shares of Pinterest, Inc. (NYSE:PINS)

OMERS ADMINISTRATION Corp lowered its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,515 shares of the company's stock after selling 14,734 shares during the period. OMERS ADMINISTRATION Corp's holdings in Pinterest were worth $1,581,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter valued at $28,000. Strategic Investment Solutions Inc. IL boosted its stake in Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after buying an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC grew its position in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares during the last quarter. Huntington National Bank raised its stake in shares of Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after acquiring an additional 1,680 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Pinterest by 98.5% during the fourth quarter. CoreCap Advisors LLC now owns 2,096 shares of the company's stock worth $61,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PINS shares. JPMorgan Chase & Co. increased their target price on shares of Pinterest from $30.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, May 9th. Raymond James lowered shares of Pinterest from an "overweight" rating to a "market perform" rating in a research report on Monday, April 7th. Oppenheimer lifted their price objective on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Guggenheim lowered their target price on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Royal Bank of Canada raised their price target on Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $40.26.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Benjamin Silbermann sold 408,332 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total value of $13,540,289.12. Following the transaction, the director now owns 6,274 shares of the company's stock, valued at $208,045.84. The trade was a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 862,168 shares of company stock valued at $28,368,681 in the last three months. Company insiders own 7.06% of the company's stock.

Pinterest Stock Performance

Shares of PINS traded down $0.55 on Monday, reaching $32.02. The stock had a trading volume of 11,091,277 shares, compared to its average volume of 10,735,790. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19. The firm has a market capitalization of $21.72 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The company has a 50-day simple moving average of $28.72 and a 200-day simple moving average of $31.22.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.17 EPS. On average, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.