Pinterest, Inc. (NYSE:PINS) Shares Sold by AXQ Capital LP

AXQ Capital LP lessened its stake in Pinterest, Inc. (NYSE:PINS) by 57.9% during the fourth quarter, Holdings Channel reports. The firm owned 14,002 shares of the company’s stock after selling 19,278 shares during the period. AXQ Capital LP’s holdings in Pinterest were worth $406,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of Pinterest in the 3rd quarter valued at $153,829,000. Southpoint Capital Advisors LP purchased a new position in shares of Pinterest in the 3rd quarter valued at $123,006,000. 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 shares of Pinterest by 122.1% in the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock valued at $111,515,000 after acquiring an additional 2,093,248 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of Pinterest by 582.2% in the 4th 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 period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Performance

NYSE PINS opened at $32.45 on Monday. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The company has a 50-day simple moving average of $34.39 and a 200-day simple moving average of $32.29. The firm has a market capitalization of $22.01 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last posted its quarterly earnings results 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 net margin of 51.07% and a return on equity of 8.10%. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PINS shares. Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Cantor Fitzgerald raised their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. The Goldman Sachs Group raised their target price on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

Insider Activity

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the transaction, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 207,812 shares of company stock valued at $6,798,857. 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.