Orion Capital Management LLC Decreases Holdings in Pinterest, Inc. (NYSE:PINS)

Orion Capital Management LLC lowered its stake in Pinterest, Inc. (NYSE:PINS) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the company’s stock after selling 500 shares during the period. Orion Capital Management LLC’s holdings in Pinterest were worth $204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. AE Wealth Management LLC raised its holdings in shares of Pinterest by 28.3% during the third quarter. AE Wealth Management LLC now owns 12,085 shares of the company’s stock worth $327,000 after purchasing an additional 2,662 shares during the last quarter. Simplicity Solutions LLC grew its position in Pinterest by 6.8% during the third quarter. Simplicity Solutions LLC now owns 7,981 shares of the company’s stock valued at $216,000 after buying an additional 510 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Pinterest by 9.4% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 142,700 shares of the company’s stock valued at $3,857,000 after buying an additional 12,300 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Pinterest by 5.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 42,809 shares of the company’s stock valued at $1,157,000 after buying an additional 2,247 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Pinterest by 4.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,215,909 shares of the company’s stock valued at $32,866,000 after buying an additional 46,821 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 21.1 %

NYSE:PINS traded up $7.07 during trading hours on Wednesday, reaching $40.52. 37,172,365 shares of the company’s stock were exchanged, compared to its average volume of 9,911,962. The firm has a market capitalization of $27.51 billion, a price-to-earnings ratio of -671.89, a P/E/G ratio of 4.63 and a beta of 0.99. The company has a 50-day moving average of $34.50 and a 200 day moving average of $34.30. Pinterest, Inc. has a 1-year low of $20.60 and a 1-year high of $41.60.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate 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 company had revenue of $981.26 million during the quarter, compared to analysts’ expectations of $988.62 million. Research analysts forecast that Pinterest, Inc. will post 0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PINS. BMO Capital Markets lifted their target price on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday. Benchmark restated a “hold” rating on shares of Pinterest in a research report on Wednesday. Evercore ISI boosted their price target 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. Finally, KeyCorp lowered their price target on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.82.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the sale, the chief financial officer now directly owns 392,829 shares in the company, valued at $13,521,174.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the transaction, the chief financial officer now directly owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now directly owns 31,646 shares in the company, valued at $1,055,077.64. The disclosure for this sale can be found here. Insiders sold a total of 184,471 shares of company stock worth $6,525,231 over the last ninety days. 7.11% of the stock is currently owned by corporate 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.