Pinterest, Inc. (NYSE:PINS) Shares Acquired by Pier Capital LLC

Pier Capital LLC lifted its stake in Pinterest, Inc. (NYSE:PINS) by 95.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,023 shares of the company’s stock after purchasing an additional 13,208 shares during the quarter. Pier Capital LLC’s holdings in Pinterest were worth $784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PINS. Maverick Capital Ltd. boosted its position in shares of Pinterest by 47.6% during the third quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock worth $1,851,000 after buying an additional 18,430 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Pinterest by 8.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock valued at $49,855,000 after purchasing an additional 119,367 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Pinterest by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock valued at $27,326,000 after buying an additional 32,539 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Pinterest by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock worth $137,669,000 after acquiring an additional 87,041 shares in the last quarter. Finally, Leibman Financial Services Inc. lifted its position in shares of Pinterest by 102.2% during the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock worth $1,862,000 after buying an additional 32,464 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now directly owns 254,211 shares of the company’s stock, valued at $8,350,831.35. The trade was a 2.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the completion of the sale, the director now directly owns 6,274 shares of the company’s stock, valued at $195,497.84. This trade represents a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 237,417 shares of company stock valued at $7,803,946. Insiders own 7.11% of the company’s stock.

Pinterest Price Performance

PINS stock opened at $34.05 on Tuesday. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The firm has a fifty day moving average price of $34.46 and a two-hundred day moving average price of $32.31. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last posted its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) 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%. As a group, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays lifted their price target on Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Morgan Stanley boosted their target price on Pinterest from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Oppenheimer increased their price target on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Finally, Roth Capital set a $32.00 price objective on shares of Pinterest in a research report on Monday, February 3rd. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

About Pinterest

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.