Pinterest, Inc. (NYSE:PINS) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,422 shares of the company’s stock after selling 1,603 shares during the period. Motley Fool Asset Management LLC’s holdings in Pinterest were worth $460,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PINS. ARK Investment Management LLC lifted its stake in shares of Pinterest by 152.3% in the 4th quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock valued at $53,507,000 after purchasing an additional 872,016 shares during the period. Nordea Investment Management AB grew its position in shares of Pinterest by 57.9% during the 4th quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock valued at $32,766,000 after acquiring an additional 323,547 shares during the period. International Assets Investment Management LLC increased its stake in shares of Pinterest by 3,402.0% in the 4th quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock valued at $2,973,000 after purchasing an additional 77,974 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Pinterest by 53.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock worth $84,826,000 after purchasing an additional 1,089,299 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Pinterest by 55.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock worth $6,477,000 after purchasing an additional 62,117 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Stifel Nicolaus boosted their target price on shares of Pinterest from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, January 9th. Argus raised shares of Pinterest from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday, January 18th. Wedbush boosted their price objective on Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Finally, Roth Mkm raised their target price on Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.68.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Pinterest news, Director Jeffrey D. Jordan sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total value of $751,800.00. Following the sale, the director now directly owns 74,215 shares in the company, valued at $2,789,741.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now directly owns 31,646 shares of the company’s stock, valued at $1,055,077.64. The disclosure for this sale can be found here. Insiders sold a total of 184,471 shares of company stock worth $6,525,231 over the last ninety days. Company insiders own 6.85% of the company’s stock.

Pinterest Price Performance

Shares of PINS stock opened at $33.97 on Friday. Pinterest, Inc. has a 1-year low of $20.60 and a 1-year high of $41.60. The firm has a market cap of $23.06 billion, a PE ratio of -566.07, a price-to-earnings-growth ratio of 4.47 and a beta of 0.99. The company has a 50-day moving average of $34.56 and a two-hundred day moving average of $34.14.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $981.26 million during the quarter, compared to analysts’ expectations of $988.62 million. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. Sell-side analysts anticipate that Pinterest, Inc. will post 0.36 EPS for the current fiscal year.

About Pinterest

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.