Robeco Institutional Asset Management B.V. Has $8.17 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Robeco Institutional Asset Management B.V. lifted its stake in shares of Pinterest, Inc. (NYSE:PINS – Get Rating) by 76.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 350,736 shares of the company’s stock after buying an additional 151,441 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Pinterest were worth $8,172,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Pinterest by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 52,933,876 shares of the company’s stock worth $1,233,359,000 after purchasing an additional 1,669,577 shares in the last quarter. BlackRock Inc. lifted its position in shares of Pinterest by 4.4% during the 3rd quarter. BlackRock Inc. now owns 30,690,599 shares of the company’s stock worth $715,092,000 after buying an additional 1,285,053 shares during the last quarter. Elliott Investment Management L.P. lifted its position in shares of Pinterest by 200.0% during the 3rd quarter. Elliott Investment Management L.P. now owns 15,000,000 shares of the company’s stock worth $349,500,000 after buying an additional 10,000,000 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Pinterest by 1.5% during the 2nd quarter. Macquarie Group Ltd. now owns 13,145,182 shares of the company’s stock worth $238,716,000 after buying an additional 191,507 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Pinterest by 2.0% during the 1st quarter. State Street Corp now owns 12,143,900 shares of the company’s stock worth $298,861,000 after buying an additional 235,403 shares during the last quarter. 71.95% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

Pinterest stock opened at $26.37 on Friday. Pinterest, Inc. has a one year low of $16.14 and a one year high of $29.17. The stock’s 50 day moving average is $25.82 and its 200 day moving average is $24.53. The firm has a market cap of $18.03 billion, a P/E ratio of -175.80 and a beta of 0.99.

Pinterest (NYSE:PINS – Get Rating) last released its quarterly earnings data on Monday, February 6th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $877.21 million during the quarter, compared to analyst estimates of $886.78 million. Pinterest had a negative net margin of 3.43% and a negative return on equity of 2.25%. Pinterest’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 EPS. Equities analysts anticipate that Pinterest, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on PINS. Credit Suisse Group upped their price objective on Pinterest from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Roth Capital restated a “neutral” rating on shares of Pinterest in a research report on Tuesday, February 7th. JPMorgan Chase & Co. dropped their price objective on Pinterest from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, February 7th. Rosenblatt Securities increased their target price on Pinterest from $23.00 to $26.00 and gave the company a “neutral” rating in a research report on Tuesday, February 7th. Finally, MKM Partners downgraded Pinterest from a “buy” rating to a “neutral” rating and set a $27.00 target price for the company. in a research report on Friday, January 20th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Pinterest presently has a consensus rating of “Hold” and a consensus target price of $28.00.

Insider Activity

In related news, CFO Todd R. Morgenfeld sold 55,241 shares of the business’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $23.04, for a total value of $1,272,752.64. Following the completion of the sale, the chief financial officer now directly owns 641,025 shares of the company’s stock, valued at approximately $14,769,216. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Naveen Gavini sold 4,765 shares of Pinterest stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $23.04, for a total transaction of $109,785.60. Following the completion of the transaction, the senior vice president now directly owns 436,716 shares in the company, valued at $10,061,936.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd R. Morgenfeld sold 55,241 shares of the business’s stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $23.04, for a total transaction of $1,272,752.64. Following the sale, the chief financial officer now directly owns 641,025 shares of the company’s stock, valued at $14,769,216. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 348,267 shares of company stock worth $8,889,717. Company insiders own 7.58% of the company’s stock.

Pinterest Company Profile

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Pinterest, Inc engages in the operation of a pinboard-style photo-sharing website. It allows users to create and manage theme-based image collections such as events, interests, and hobbies. The company was founded by Benjamin Silbermann, Paul C. Sciarra, and Evan Sharp in October 2008 and is headquartered in San Francisco, CA.