Achmea Investment Management B.V. Trims Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Achmea Investment Management B.V. decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,049 shares of the company’s stock after selling 17,140 shares during the quarter. Achmea Investment Management B.V.’s holdings in Pinterest were worth $6,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Atria Investments Inc grew its holdings in Pinterest by 4.0% during the 3rd quarter. Atria Investments Inc now owns 26,686 shares of the company’s stock valued at $864,000 after buying an additional 1,034 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Pinterest by 9.5% in the third quarter. Axxcess Wealth Management LLC now owns 6,965 shares of the company’s stock valued at $225,000 after acquiring an additional 605 shares during the period. Victory Capital Management Inc. grew its stake in Pinterest by 45.6% during the third quarter. Victory Capital Management Inc. now owns 414,285 shares of the company’s stock valued at $13,410,000 after acquiring an additional 129,676 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Pinterest by 6.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 46,783 shares of the company’s stock worth $1,514,000 after acquiring an additional 2,997 shares during the period. Finally, Plato Investment Management Ltd lifted its stake in Pinterest by 79.8% in the 3rd quarter. Plato Investment Management Ltd now owns 26,833 shares of the company’s stock worth $868,000 after purchasing an additional 11,912 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Trading Down 6.9 %

Pinterest stock opened at $31.00 on Friday. The firm has a market cap of $21.03 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The firm has a 50-day moving average of $34.32 and a 200-day moving average of $32.27.

Pinterest (NYSE:PINS) last released 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 return on equity of 8.10% and a net margin of 51.07%. Research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PINS. Stifel Nicolaus reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. The Goldman Sachs Group upped their target price on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $34.00 to $47.00 in a research report on Friday, February 7th. TD Cowen initiated coverage on Pinterest in a report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Cantor Fitzgerald raised their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.47.

Insider Activity at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of the sale, the insider now directly owns 254,211 shares in the company, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,879 shares of company stock worth $3,653,577 over the last quarter. Corporate insiders own 7.11% of the company’s stock.

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.