Pinterest, Inc. (NYSE:PINS) Shares Bought by National Pension Service

National Pension Service lifted its position in Pinterest, Inc. (NYSE:PINS) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,118,575 shares of the company’s stock after acquiring an additional 75,059 shares during the quarter. National Pension Service owned 0.17% of Pinterest worth $32,439,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PINS. International Assets Investment Management LLC grew its position in shares of Pinterest by 3,154.6% in the 3rd quarter. International Assets Investment Management LLC now owns 29,845 shares of the company’s stock worth $922,000 after acquiring an additional 28,928 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Pinterest by 34.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,568 shares of the company’s stock worth $1,281,000 after acquiring an additional 10,228 shares in the last quarter. abrdn plc lifted its holdings in shares of Pinterest by 31.0% in the 3rd quarter. abrdn plc now owns 121,639 shares of the company’s stock worth $3,937,000 after purchasing an additional 28,769 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in shares of Pinterest by 58.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 16,124 shares of the company’s stock worth $522,000 after purchasing an additional 5,965 shares during the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Pinterest by 10.6% in the 3rd quarter. Stephens Inc. AR now owns 28,200 shares of the company’s stock worth $913,000 after purchasing an additional 2,695 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling

In other news, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the transaction, the director now owns 30,236 shares in the company, valued at $920,081.48. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,117 shares of company stock worth $253,056 in the last three months. 7.11% of the stock is currently owned by insiders.

Pinterest Stock Up 2.3 %

Shares of NYSE PINS opened at $37.02 on Friday. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.95 and a beta of 1.06. The stock’s fifty day simple moving average is $33.44 and its 200 day simple moving average is $32.05. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Rosenblatt Securities raised their price target on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Guggenheim raised their price target on Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Cantor Fitzgerald raised their price target on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Robert W. Baird cut their price target on Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.47.

About Pinterest

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.