UniSuper Management Pty Ltd Cuts Position in Pinterest, Inc. (NYSE:PINS)

UniSuper Management Pty Ltd trimmed its position in shares of Pinterest, Inc. (NYSE:PINS) by 71.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,600 shares of the company’s stock after selling 28,744 shares during the period. UniSuper Management Pty Ltd’s holdings in Pinterest were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PINS. Whipplewood Advisors LLC purchased a new stake in Pinterest during the fourth quarter valued at $28,000. GAMMA Investing LLC increased its holdings in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares during the last quarter. True Wealth Design LLC raised its position in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after buying an additional 1,487 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after acquiring an additional 590 shares during the last quarter. Finally, Manchester Capital Management LLC grew its position in Pinterest by 17,692.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock worth $67,000 after acquiring an additional 2,300 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PINS shares. Oppenheimer upped their price objective on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday, February 7th. Monness Crespi & Hardt raised shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, January 10th. KeyCorp reduced their target price on shares of Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Guggenheim raised shares of Pinterest from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $39.00 to $40.00 in a research note on Monday, March 24th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.17.

Pinterest Price Performance

Shares of NYSE PINS opened at $31.01 on Tuesday. The business has a fifty day moving average price of $34.67 and a 200 day moving average price of $32.42. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The stock has a market capitalization of $21.03 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Wanjiku Juanita Walcott sold 12,253 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $32.24, for a total transaction of $395,036.72. Following the transaction, the insider now owns 228,510 shares in the company, valued at $7,367,162.40. The trade was a 5.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 351,753 shares of company stock valued at $11,640,201. 7.11% of the stock is currently owned by insiders.

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.