Nan Fung Trinity HK Ltd. Sells 17,100 Shares of Pinterest, Inc. (NYSE:PINS)

Nan Fung Trinity HK Ltd. decreased its position in shares of Pinterest, Inc. (NYSE:PINS) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 761,489 shares of the company’s stock after selling 17,100 shares during the quarter. Pinterest accounts for 4.5% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 8th biggest position. Nan Fung Trinity HK Ltd.’s holdings in Pinterest were worth $22,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its position in Pinterest by 5.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock worth $205,000 after purchasing an additional 313 shares during the period. Hantz Financial Services Inc. boosted its stake in shares of Pinterest by 3.7% in the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after buying an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after acquiring an additional 342 shares during the period. Commerce Bank raised its position in Pinterest by 3.3% during the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after acquiring an additional 378 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity

In other news, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now owns 246,921 shares of the company’s stock, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total value of $35,627.00. Following the completion of the transaction, the director now owns 31,386 shares of the company’s stock, valued at $972,338.28. The trade was a 3.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,157 shares of company stock valued at $600,010. 7.11% of the stock is currently owned by insiders.

Pinterest Price Performance

Shares of Pinterest stock opened at $37.68 on Friday. The stock’s 50 day simple moving average is $32.92 and its 200-day simple moving average is $31.86. The stock has a market cap of $25.55 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data 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 return on equity of 8.10% and a net margin of 51.07%. As a group, research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Guggenheim raised their price objective on shares of Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Cantor Fitzgerald raised their price target on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price objective on shares of Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Friday, February 7th. Finally, Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.47.

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.