979 Shares in Pinterest, Inc. (NYSE:PINS) Bought by Whipplewood Advisors LLC

Whipplewood Advisors LLC purchased a new stake in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 979 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds also recently added to or reduced their stakes in PINS. International Assets Investment Management LLC raised its holdings in shares of Pinterest by 3,154.6% during the 3rd quarter. International Assets Investment Management LLC now owns 29,845 shares of the company’s stock valued at $922,000 after buying an additional 28,928 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Pinterest by 34.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,568 shares of the company’s stock valued at $1,281,000 after purchasing an additional 10,228 shares during the period. abrdn plc lifted its position in shares of Pinterest by 31.0% during the third quarter. abrdn plc now owns 121,639 shares of the company’s stock worth $3,937,000 after purchasing an additional 28,769 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of Pinterest by 10.6% in the third quarter. Stephens Inc. AR now owns 28,200 shares of the company’s stock valued at $913,000 after purchasing an additional 2,695 shares during the period. Finally, Creative Financial Designs Inc. ADV grew its holdings in Pinterest by 21.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 49,574 shares of the company’s stock valued at $1,605,000 after purchasing an additional 8,635 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen initiated coverage on shares of Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective for the company. Cantor Fitzgerald increased their price target on Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Robert W. Baird reduced their target price on Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, 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 note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average target price of $43.47.

Pinterest Trading Up 2.3 %

NYSE PINS opened at $37.02 on Friday. The company has a 50-day moving average price of $33.59 and a two-hundred day moving average price of $32.11. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The stock has a market cap of $25.10 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06.

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

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, December 18th. The shares were 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 in the company, valued at $972,338.28. This represents a 3.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,117 shares of company stock valued at $253,056. Company insiders own 7.11% of the company’s stock.

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.