Pinterest, Inc. (NYSE:PINS) Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Pinterest, Inc. (NYSE:PINS) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 646,717 shares of the company’s stock after acquiring an additional 58,205 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Pinterest worth $18,755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Cerity Partners LLC boosted its stake in shares of Pinterest by 63.4% in the third quarter. Cerity Partners LLC now owns 52,357 shares of the company’s stock valued at $1,695,000 after purchasing an additional 20,310 shares during the period. Algert Global LLC raised its stake in shares of Pinterest by 53.4% in the third quarter. Algert Global LLC now owns 16,099 shares of the company’s stock valued at $521,000 after acquiring an additional 5,604 shares in the last quarter. Swedbank AB grew its stake in Pinterest by 21.9% during the 3rd quarter. Swedbank AB now owns 59,539 shares of the company’s stock worth $1,927,000 after purchasing an additional 10,703 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in Pinterest by 19.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 28,225 shares of the company’s stock worth $913,000 after purchasing an additional 4,656 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Pinterest in the 3rd quarter valued at about $11,109,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. KeyCorp cut their target price on shares of Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. Wedbush raised their price objective on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Benchmark upgraded shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, February 7th. Wells Fargo & Company raised their price target on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Oppenheimer upped their price objective on Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Pinterest Trading Down 1.9 %

Pinterest stock opened at $32.29 on Friday. The stock has a fifty day moving average price of $34.64 and a 200 day moving average price of $32.35. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a market capitalization of $21.90 billion, a P/E ratio of 12.00, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate 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, equities analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 351,753 shares of company stock worth $11,640,201 in the last quarter. 7.11% of the stock is owned by 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.