Pinterest, Inc. (NYSE:PINS) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Pinterest, Inc. (NYSE:PINS) by 34.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,676 shares of the company’s stock after selling 237,610 shares during the quarter. Sei Investments Co. owned about 0.07% of Pinterest worth $12,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Cerity Partners LLC raised its holdings in shares of Pinterest by 63.4% in the third quarter. Cerity Partners LLC now owns 52,357 shares of the company’s stock worth $1,695,000 after buying an additional 20,310 shares during the last quarter. Algert Global LLC raised its stake in Pinterest by 53.4% in the 3rd quarter. Algert Global LLC now owns 16,099 shares of the company’s stock worth $521,000 after acquiring an additional 5,604 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Pinterest during the 3rd quarter worth about $11,109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Pinterest by 0.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,982 shares of the company’s stock valued at $4,013,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Pinterest by 3.7% in the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after purchasing an additional 339 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Down 2.3 %

Shares of NYSE:PINS opened at $31.49 on Friday. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The business has a fifty day moving average of $34.66 and a two-hundred day moving average of $32.37. The stock has a market cap of $21.35 billion, a P/E ratio of 11.70, a PEG ratio of 1.95 and a beta of 1.02.

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

Analysts Set New Price Targets

A number of brokerages recently commented on PINS. Barclays upped their target price on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Oppenheimer boosted their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Wedbush increased their price target on Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, Rosenblatt Securities boosted their price objective on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Insider Buying and Selling

In other news, CFO Donnelly Julia Brau sold 38,596 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $34.27, for a total value of $1,322,684.92. Following the transaction, the chief financial officer now directly owns 231,879 shares in the company, valued at approximately $7,946,493.33. This represents a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares of the company’s stock, 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. Over the last three months, insiders sold 351,753 shares of company stock worth $11,640,201. Company insiders own 7.11% of the company’s stock.

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.