Koshinski Asset Management Inc. Sells 5,114 Shares of Pinterest, Inc. (NYSE:PINS)

Koshinski Asset Management Inc. cut its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 28.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,830 shares of the company’s stock after selling 5,114 shares during the period. Koshinski Asset Management Inc.’s holdings in Pinterest were worth $475,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. Vanguard Group Inc. lifted its stake in Pinterest by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 50,128,803 shares of the company’s stock valued at $1,233,670,000 after acquiring an additional 958,619 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Pinterest by 7.4% in the first quarter. BlackRock Inc. now owns 33,930,328 shares of the company’s stock valued at $925,280,000 after purchasing an additional 2,349,424 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Pinterest by 28.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,743,947 shares of the company’s stock valued at $702,039,000 after purchasing an additional 5,670,073 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Pinterest by 1.5% during the second quarter. Macquarie Group Ltd. now owns 13,145,182 shares of the company’s stock worth $238,716,000 after purchasing an additional 191,507 shares during the last quarter. Finally, State Street Corp grew its position in Pinterest by 2.0% in the 1st quarter. State Street Corp now owns 12,143,900 shares of the company’s stock worth $298,861,000 after purchasing an additional 235,403 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In related news, Director Jeffrey D. Jordan sold 20,000 shares of Pinterest stock in a transaction on Monday, April 1st. The stock was sold at an average price of $35.08, for a total transaction of $701,600.00. Following the completion of the sale, the director now owns 34,215 shares of the company’s stock, valued at $1,200,262.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jeffrey D. Jordan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $35.08, for a total value of $701,600.00. Following the sale, the director now directly owns 34,215 shares of the company’s stock, valued at $1,200,262.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $36.52, for a total transaction of $70,629.68. Following the completion of the transaction, the director now directly owns 37,448 shares of the company’s stock, valued at approximately $1,367,600.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,471 shares of company stock valued at $6,531,381. 6.85% of the stock is currently owned by company insiders.

Pinterest Stock Down 1.4 %

Shares of PINS opened at $33.54 on Monday. Pinterest, Inc. has a twelve month low of $20.60 and a twelve month high of $41.60. The stock has a market cap of $22.77 billion, a PE ratio of -558.91, a P/E/G ratio of 4.60 and a beta of 0.99. The business’s 50-day moving average price is $35.50 and its 200-day moving average price is $33.81.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The business had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. Analysts expect that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PINS has been the topic of several recent analyst reports. Evercore ISI lifted their target price on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada lifted their price target on Pinterest from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. KeyCorp upped their price objective on Pinterest from $37.00 to $48.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Roth Mkm raised their target price on Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Susquehanna boosted their price target on shares of Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $37.97.

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.