Centiva Capital LP Has $457,000 Holdings in Pinterest, Inc. (NYSE:PINS)

Centiva Capital LP lessened its position in shares of Pinterest, Inc. (NYSE:PINS) by 40.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,752 shares of the company’s stock after selling 10,488 shares during the quarter. Centiva Capital LP’s holdings in Pinterest were worth $457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brevan Howard Capital Management LP acquired a new position in shares of Pinterest in the 4th quarter valued at $6,937,000. Bridgefront Capital LLC acquired a new position in shares of Pinterest during the 4th quarter worth about $424,000. Baird Financial Group Inc. grew its stake in Pinterest by 18.3% in the fourth quarter. Baird Financial Group Inc. now owns 7,257 shares of the company’s stock valued at $210,000 after purchasing an additional 1,124 shares in the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Pinterest by 12.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 70,408 shares of the company’s stock valued at $2,042,000 after buying an additional 7,868 shares in the last quarter. Finally, BNP Paribas increased its stake in shares of Pinterest by 672.0% during the 4th quarter. BNP Paribas now owns 4,825 shares of the company’s stock worth $140,000 after purchasing an additional 4,200 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Activity

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total value of $3,192,135.41. Following the sale, the director now owns 6,274 shares of the company’s stock, valued at $196,187.98. This trade represents a 94.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $31,050.00. Following the completion of the sale, the director now directly owns 26,786 shares in the company, valued at $723,222. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock worth $14,828,392 in the last three months. Corporate insiders own 7.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PINS. Roth Capital set a $32.00 price target on Pinterest in a research note on Monday, February 3rd. The Goldman Sachs Group cut their price target on Pinterest from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Royal Bank of Canada increased their price objective on shares of Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Stifel Nicolaus decreased their price target on Pinterest from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, Guggenheim decreased their price target on shares of Pinterest from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Friday. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.27.

Pinterest Trading Up 4.9 %

NYSE:PINS opened at $29.23 on Friday. The stock has a market capitalization of $19.82 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The firm’s 50 day moving average is $28.84 and its 200 day moving average is $31.21. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business had revenue of $854.99 million during the quarter, compared to the consensus estimate of $848.49 million. During the same period last year, the firm earned $0.17 EPS. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. Research analysts predict that Pinterest, Inc. will post 0.6 earnings per share 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.