6,418 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Qtron Investments LLC

Qtron Investments LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINSFree Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,418 shares of the company’s stock, valued at approximately $238,000.

Other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Pinterest by 43.9% during the third quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company’s stock valued at $300,639,000 after buying an additional 3,390,924 shares during the period. Franklin Resources Inc. raised its position in shares of Pinterest by 34.0% in the 4th quarter. Franklin Resources Inc. now owns 10,036,837 shares of the company’s stock worth $371,764,000 after acquiring an additional 2,548,925 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Pinterest by 12.6% in the 4th quarter. Baillie Gifford & Co. now owns 9,305,759 shares of the company’s stock valued at $344,685,000 after purchasing an additional 1,043,173 shares during the period. Clearbridge Investments LLC boosted its position in shares of Pinterest by 17.3% during the fourth quarter. Clearbridge Investments LLC now owns 8,003,201 shares of the company’s stock valued at $296,439,000 after purchasing an additional 1,182,758 shares in the last quarter. Finally, Norges Bank purchased a new stake in Pinterest in the fourth quarter worth $241,229,000. 88.81% of the stock is currently owned by institutional investors.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the transaction, the chief financial officer now directly owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the transaction, the chief financial officer now directly owns 392,829 shares in the company, valued at approximately $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,934 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40. Following the sale, the director now owns 33,580 shares in the company, valued at approximately $1,145,078. The disclosure for this sale can be found here. Insiders have sold 133,622 shares of company stock worth $4,737,421 in the last 90 days. 7.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Susquehanna boosted their target price on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a report on Friday, February 9th. Roth Mkm upped their price objective on shares of Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Loop Capital lifted their target price on shares of Pinterest from $43.00 to $49.00 and gave the company a “buy” rating in a report on Monday, May 6th. BMO Capital Markets upped their price target on Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Finally, Wedbush lifted their price objective on Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and a consensus price target of $41.34.

Get Our Latest Stock Report on Pinterest

Pinterest Stock Performance

PINS stock opened at $41.49 on Friday. The company has a market cap of $28.34 billion, a price-to-earnings ratio of 197.58, a P/E/G ratio of 4.13 and a beta of 0.99. The business’s 50-day moving average is $37.52 and its two-hundred day moving average is $36.42. Pinterest, Inc. has a fifty-two week low of $23.35 and a fifty-two week high of $43.12.

Pinterest (NYSE:PINSGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.05. The firm had revenue of $739.98 million for the quarter, compared to analysts’ expectations of $699.96 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. Equities analysts predict that Pinterest, Inc. will post 0.43 earnings per share for the current year.

About Pinterest

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PINS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pinterest, Inc. (NYSE:PINSFree Report).

Institutional Ownership by Quarter for Pinterest (NYSE:PINS)

Receive News & Ratings for Pinterest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pinterest and related companies with MarketBeat.com's FREE daily email newsletter.