Pinterest, Inc. (NYSE:PINS) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in Pinterest, Inc. (NYSE:PINS) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 276,622 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Pinterest were worth $8,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Pinterest in the third quarter valued at approximately $87,000. GAMMA Investing LLC raised its holdings in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Pinterest during the 4th quarter worth $520,000. Nordea Investment Management AB grew its stake 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 purchasing an additional 2,093,248 shares in the last quarter. Finally, Graypoint LLC acquired a new position in shares of Pinterest during the fourth quarter worth $317,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Buying and Selling

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total value of $3,192,135.41. Following the completion of the transaction, the director now owns 6,274 shares in the company, valued at $196,187.98. This represents a 94.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 12,253 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $32.24, for a total transaction of $395,036.72. Following the completion of the transaction, the insider now directly owns 228,510 shares of the company’s stock, valued at approximately $7,367,162.40. The trade was a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 452,686 shares of company stock valued at $14,797,342. 7.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PINS has been the subject of several analyst reports. Wedbush reaffirmed an “outperform” rating on shares of Pinterest in a research report on Tuesday, April 15th. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and increased their price target for the company from $34.00 to $47.00 in a research note on Friday, February 7th. KeyCorp reduced their price objective on shares of Pinterest from $41.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Royal Bank of Canada increased their target price on shares of Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $32.00 price target (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Eight 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 has an average rating of “Moderate Buy” and a consensus price target of $41.55.

Pinterest Price Performance

NYSE PINS opened at $24.24 on Tuesday. The company has a 50-day moving average of $31.95 and a 200-day moving average of $31.84. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19. The company has a market cap of $16.44 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 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, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current 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.