Pinterest, Inc. (NYSE:PINS) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,117,624 shares of the company's stock after selling 586,593 shares during the quarter. Voya Investment Management LLC owned 0.17% of Pinterest worth $32,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Leibman Financial Services Inc. raised its position in Pinterest by 102.2% in the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock worth $1,862,000 after purchasing an additional 32,464 shares during the period. Janney Capital Management LLC purchased a new stake in Pinterest in the 4th quarter worth approximately $4,289,000. Jones Financial Companies Lllp lifted its holdings in Pinterest by 91.3% in the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock worth $725,000 after buying an additional 11,925 shares during the period. Everence Capital Management Inc. purchased a new stake in Pinterest in the 4th quarter worth approximately $520,000. Finally, Swedbank AB lifted its holdings in Pinterest by 2,108.7% in the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company's stock worth $38,137,000 after buying an additional 1,255,513 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Activity

In related news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,836 shares of company stock worth $14,828,392. Company insiders own 7.11% of the company's stock.

Pinterest Price Performance

Shares of NYSE PINS traded up $0.31 during midday trading on Thursday, reaching $25.63. 5,211,014 shares of the stock traded hands, compared to its average volume of 10,525,429. The stock has a market capitalization of $17.39 billion, a PE ratio of 9.55, a P/E/G ratio of 1.95 and a beta of 0.99. The company's 50 day moving average is $30.10 and its 200 day moving average is $31.49. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results 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 return on equity of 8.10% and a net margin of 51.07%. As a group, equities analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Roth Capital set a $32.00 price objective on Pinterest in a report on Monday, February 3rd. Wedbush reiterated an "outperform" rating on shares of Pinterest in a report on Tuesday, April 15th. Guggenheim reissued a "buy" rating on shares of Pinterest in a research report on Tuesday, April 1st. Stifel Nicolaus decreased their target price on Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Cantor Fitzgerald raised their price objective on Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.10.

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.