4 days Ago By Defense World Staff
Envestnet Asset Management Inc. raised its position in Pinterest, Inc. ( NYSE:PINS – Free Report ) by 2.
1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 617,569 shares of the company’s stock after purchasing an additional 12,500 shares during the period. Envestnet Asset Management Inc.
owned 0.09% of Pinterest worth $17,910,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also recently modified their holdings of PINS.
Norges Bank acquired a new position in Pinterest in the fourth quarter valued at approximately $358,205,000. Schroder Investment Management Group boosted its holdings in shares of Pinterest by 357.5% in the 4th quarter.
Schroder Investment Management Group now owns 2,719,355 shares of the company’s stock valued at $79,269,000 after buying an additional 2,125,010 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Pinterest in the 4th quarter valued at $61,261,000.
Nordea Investment Management AB raised its stake in Pinterest by 122.1% during the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock worth $111,515,000 after acquiring an additional 2,093,248 shares in the last quarter.
Finally, Assenagon Asset Management S.A. lifted its position in Pinterest by 582.
2% in the fourth quarter. Assenagon Asset Management S.A.
now owns 2,266,948 shares of the company’s stock valued at $65,741,000 after acquiring an additional 1,934,653 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.
Analyst Upgrades and Downgrades A number of research firms have recently commented on PINS. Stifel Nicolaus reiterated a “buy” rating and set a $50.00 target price (up previously from $45.
00) on shares of Pinterest in a research report on Friday, February 7th. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and boosted their price objective for the company 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 research report on Friday, January 10th. UBS Group reduced their price target on shares of Pinterest from $50.00 to $39.
00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Oppenheimer increased their price target on shares of Pinterest from $40.00 to $50.
00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has an average rating of “Moderate Buy” and an average price target of $41.81. Insider Activity at Pinterest In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, February 19th.
The shares were sold at an average price of $39.19, for a total value of $45,068.50.
Following the transaction, the director now owns 29,086 shares in the company, valued at $1,139,880.34. This trade represents a 3.
80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Also, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction on Wednesday, March 19th.
The stock was sold at an average price of $31.16, for a total value of $3,180,906.28.
Following the sale, the director now owns 6,274 shares of the company’s stock, valued at approximately $195,497.84. The trade was a 94.
21 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 452,686 shares of company stock worth $14,797,342.
7.11% of the stock is currently owned by insiders. Pinterest Stock Performance PINS stock opened at $25.
99 on Wednesday. The stock’s 50 day moving average price is $33.12 and its 200 day moving average price is $32.
07. The firm has a market cap of $17.63 billion, a P/E ratio of 9.
66, a PEG ratio of 1.95 and a beta of 0.99.
Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $45.
19. Pinterest ( NYSE:PINS – Get Free Report ) last announced 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 return on equity of 8.10% and a net margin of 51.07%.
On average, research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.
Pinterest Company Profile ( Free Report ) 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.
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