Pinterest, Inc. (NYSE:PINS) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,027,300 shares of the company’s stock after selling 10,000 shares during the period. Primecap Management Co. CA owned approximately 0.60% of Pinterest worth $116,792,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clearwater Capital Advisors LLC increased its stake in Pinterest by 25.1% during the 4th quarter. Clearwater Capital Advisors LLC now owns 16,148 shares of the company’s stock valued at $468,000 after buying an additional 3,235 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Pinterest by 4.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 51,712 shares of the company’s stock valued at $1,500,000 after acquiring an additional 2,138 shares during the period. Natixis Advisors LLC lifted its position in Pinterest by 16.5% in the fourth quarter. Natixis Advisors LLC now owns 124,799 shares of the company’s stock worth $3,619,000 after purchasing an additional 17,669 shares during the period. Monimus Capital Management LP acquired a new stake in Pinterest in the fourth quarter worth approximately $1,619,000. Finally, Poinciana Advisors Group LLC bought a new position in Pinterest during the 4th quarter valued at $267,000. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now owns 29,086 shares in the company, valued at approximately $1,139,880.34. This represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 254,211 shares in the company, valued at $8,350,831.35. The trade was a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,729 shares of company stock worth $3,617,950. Corporate insiders own 7.11% of the company’s stock.

Pinterest Price Performance

PINS opened at $31.25 on Wednesday. The company has a market capitalization of $21.19 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The business has a 50-day moving average of $34.32 and a 200-day moving average of $32.28. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19.

Pinterest (NYSE:PINS) last posted 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 net margin of 51.07% and a return on equity of 8.10%. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PINS has been the topic of a number of research reports. Oppenheimer boosted their price objective on Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. The Goldman Sachs Group upped their price target on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a report on Friday, February 7th. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Friday, January 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Pinterest in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $43.30.

Pinterest Company 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.