Pinterest, Inc. $PINS Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 6.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 137,790 shares of the company’s stock after buying an additional 8,500 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Pinterest were worth $4,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. West Branch Capital LLC acquired a new stake in shares of Pinterest in the 2nd quarter valued at $36,000. Golden State Wealth Management LLC raised its holdings in shares of Pinterest by 665.4% in the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company’s stock valued at $38,000 after purchasing an additional 1,058 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Pinterest by 133.5% in the 1st quarter. Mather Group LLC. now owns 1,310 shares of the company’s stock valued at $41,000 after purchasing an additional 749 shares in the last quarter. LRI Investments LLC raised its holdings in shares of Pinterest by 97.7% in the 1st quarter. LRI Investments LLC now owns 1,374 shares of the company’s stock valued at $43,000 after purchasing an additional 679 shares in the last quarter. Finally, Whittier Trust Co. raised its holdings in shares of Pinterest by 798.4% in the 1st quarter. Whittier Trust Co. now owns 1,707 shares of the company’s stock valued at $53,000 after purchasing an additional 1,517 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total transaction of $40,250.00. Following the transaction, the director directly owned 30,600 shares of the company’s stock, valued at approximately $1,071,000. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 640,236 shares of company stock valued at $22,878,326. Company insiders own 7.06% of the company’s stock.

Pinterest Price Performance

NYSE PINS opened at $32.49 on Friday. The firm’s fifty day moving average price is $34.34 and its 200 day moving average price is $33.60. The company has a market capitalization of $22.09 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.43 and a beta of 0.81. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. The firm had revenue of $665.93 million for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. As a group, sell-side analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Sanford C. Bernstein raised their price objective on shares of Pinterest from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Stifel Nicolaus raised their price objective on shares of Pinterest from $46.00 to $47.00 and gave the company a “buy” rating in a report on Friday, August 8th. Oppenheimer restated an “outperform” rating on shares of Pinterest in a report on Friday, August 8th. Citigroup restated a “buy” rating and issued a $50.00 price objective (up from $44.00) on shares of Pinterest in a report on Friday, August 8th. Finally, TD Cowen increased their target price on shares of Pinterest from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.67.

Pinterest 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.