Centiva Capital LP Sells 10,488 Shares of Pinterest, Inc. (NYSE:PINS)

Centiva Capital LP trimmed its position in shares of Pinterest, Inc. (NYSE:PINS) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,752 shares of the company’s stock after selling 10,488 shares during the quarter. Centiva Capital LP’s holdings in Pinterest were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after buying an additional 12,986,310 shares in the last quarter. Norges Bank bought a new stake in Pinterest in the 4th quarter worth approximately $358,205,000. Marshall Wace LLP increased its position in Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock worth $310,352,000 after purchasing an additional 6,129,985 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company’s stock valued at $395,441,000 after buying an additional 4,527,902 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in Pinterest by 357.5% during the fourth quarter. Schroder Investment Management Group now owns 2,719,355 shares of the company’s stock valued at $79,269,000 after purchasing an additional 2,125,010 shares during the period. Institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total transaction of $31,050.00. Following the sale, the director now owns 26,786 shares of the company’s stock, valued at approximately $723,222. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 453,836 shares of company stock valued at $14,828,392. Corporate insiders own 7.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Pinterest from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Morgan Stanley raised their price target on Pinterest from $28.00 to $37.00 and gave the company an “equal weight” rating in a research note on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 target price (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on shares of Pinterest from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Roth Capital set a $32.00 target price on Pinterest in a research report on Monday, February 3rd. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and an average price target of $40.27.

Pinterest Price Performance

Pinterest stock opened at $29.23 on Friday. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19. The stock has a market capitalization of $19.82 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. The business has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $31.21.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The company had revenue of $854.99 million during the quarter, compared to analysts’ expectations of $848.49 million. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.