Price T Rowe Associates Inc. MD Has $737.53 Million Stake in Pinterest, Inc. (NYSE:PINS)

Price T Rowe Associates Inc. MD grew its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 104.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,432,141 shares of the company's stock after purchasing an additional 12,986,310 shares during the quarter. Price T Rowe Associates Inc. MD owned about 3.76% of Pinterest worth $737,533,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Pinterest during the third quarter worth $87,000. GAMMA Investing LLC raised its position in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares during the last quarter. Everence Capital Management Inc. bought a new stake in shares of Pinterest during the fourth quarter worth $520,000. Nordea Investment Management AB raised its position in shares of Pinterest by 122.1% during the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock worth $111,515,000 after acquiring an additional 2,093,248 shares during the last quarter. Finally, Graypoint LLC bought a new stake in shares of Pinterest during the fourth quarter worth $317,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Analysts Set New Price Targets

PINS has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Rosenblatt Securities upped their price objective on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, February 7th. Stifel Nicolaus dropped their price objective on Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Citigroup dropped their price objective on Pinterest from $47.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price target on Pinterest from $42.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $41.10.

Pinterest Stock Down 0.1 %

Shares of PINS traded down $0.02 during trading hours on Tuesday, hitting $26.15. The company had a trading volume of 2,335,623 shares, compared to its average volume of 10,519,206. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 1.95 and a beta of 0.99. The business has a fifty day moving average of $30.62 and a 200-day moving average of $31.57. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total transaction of $31,050.00. Following the transaction, the director now directly owns 26,786 shares in the company, valued at approximately $723,222. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 453,836 shares of company stock valued at $14,828,392. 7.11% of the stock is owned by company insiders.

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.