Pinterest, Inc. (NYSE:PINS) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 18.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 894,063 shares of the company’s stock after selling 197,701 shares during the quarter. Jupiter Asset Management Ltd. owned 0.13% of Pinterest worth $25,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Founders Financial Alliance LLC raised its position in Pinterest by 5.9% in the fourth quarter. Founders Financial Alliance LLC now owns 10,056 shares of the company’s stock valued at $292,000 after purchasing an additional 560 shares during the period. Clare Market Investments LLC purchased a new stake in shares of Pinterest in the 4th quarter valued at $252,000. Independent Advisor Alliance raised its holdings in shares of Pinterest by 26.3% in the 4th quarter. Independent Advisor Alliance now owns 10,916 shares of the company’s stock valued at $317,000 after buying an additional 2,274 shares during the period. Daiwa Securities Group Inc. lifted its stake in Pinterest by 2.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 65,496 shares of the company’s stock worth $1,900,000 after acquiring an additional 1,335 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Pinterest by 167.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 331,899 shares of the company’s stock valued at $9,625,000 after acquiring an additional 207,917 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on PINS. Barclays increased their price target on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. TD Cowen assumed coverage on shares of Pinterest in a report on Tuesday, November 26th. They set a “buy” rating and a $38.00 target price on the stock. Morgan Stanley raised their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Roth Capital set a $32.00 price objective on Pinterest in a research report on Monday, February 3rd. Finally, Cantor Fitzgerald lifted their target price on Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.47.

Insider Activity at Pinterest

In other news, CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00. Following the completion of the sale, the director now owns 31,386 shares of the company’s stock, valued at approximately $972,338.28. The trade was a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,879 shares of company stock worth $3,653,577 in the last quarter. Company insiders own 7.11% of the company’s stock.

Pinterest Trading Up 6.0 %

PINS stock opened at $33.27 on Thursday. The business has a 50 day simple moving average of $34.32 and a 200-day simple moving average of $32.27. The company has a market capitalization of $22.56 billion, a P/E ratio of 12.37, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19.

Pinterest (NYSE:PINS) last issued 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%. Research analysts predict that Pinterest, Inc. will post 0.6 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.