Pinterest, Inc. (NYSE:PINS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 445,577 shares of the company’s stock after selling 100,728 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Pinterest worth $12,921,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in PINS. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest during the fourth quarter worth $28,000. GAMMA Investing LLC raised its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares during the period. Crewe Advisors LLC lifted its stake in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after buying an additional 550 shares in the last quarter. True Wealth Design LLC lifted its stake in Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after buying an additional 1,487 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after acquiring an additional 590 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PINS has been the subject of a number of recent analyst reports. Roth Capital set a $32.00 price objective on shares of Pinterest in a research note on Monday, February 3rd. Rosenblatt Securities raised their target price on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price target on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Wedbush lifted their target price on Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the sale, the director now owns 30,236 shares of the company’s stock, valued at $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total value of $3,180,906.28. Following the sale, the director now directly owns 6,274 shares in the company, valued at $195,497.84. The trade was a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 207,812 shares of company stock worth $6,798,857. 7.11% of the stock is owned by corporate insiders.

Pinterest Trading Up 3.3 %

PINS opened at $32.45 on Friday. The business has a 50 day moving average of $34.39 and a 200-day moving average of $32.27. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

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.