Swiss National Bank lessened its holdings in Pinterest, Inc. (NYSE:PINS – Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,705,100 shares of the company’s stock after selling 73,900 shares during the period. Swiss National Bank owned about 0.25% of Pinterest worth $49,448,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Pinterest by 615.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 224,375 shares of the company’s stock worth $6,507,000 after purchasing an additional 192,998 shares during the period. Founders Financial Alliance LLC lifted its stake in shares of Pinterest by 5.9% in the 4th quarter. Founders Financial Alliance LLC now owns 10,056 shares of the company’s stock worth $292,000 after purchasing an additional 560 shares during the period. Clare Market Investments LLC bought a new position in shares of Pinterest in the 4th quarter worth approximately $252,000. Independent Advisor Alliance raised its stake in Pinterest by 26.3% during the 4th quarter. Independent Advisor Alliance now owns 10,916 shares of the company’s stock worth $317,000 after acquiring an additional 2,274 shares during the period. Finally, Daiwa Securities Group Inc. raised 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 during the period. Institutional investors own 88.81% of the company’s stock.
Insiders Place Their Bets
In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the sale, the insider now directly owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the sale, the director now owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,879 shares of company stock valued at $3,653,577 over the last three months. 7.11% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
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Pinterest Stock Up 2.5 %
NYSE PINS opened at $31.92 on Monday. The company has a fifty day moving average of $34.34 and a two-hundred day moving average of $32.28. The firm has a market capitalization of $21.65 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.
Pinterest (NYSE:PINS – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 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%. Equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.
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.
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