AlphaQuest LLC Purchases 21,910 Shares of Pinterest, Inc. (NYSE:PINS)

AlphaQuest LLC lifted its position in Pinterest, Inc. (NYSE:PINS) by 223.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,706 shares of the company’s stock after buying an additional 21,910 shares during the quarter. AlphaQuest LLC’s holdings in Pinterest were worth $919,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Amundi grew its stake in shares of Pinterest by 19.4% in the 4th quarter. Amundi now owns 1,982,783 shares of the company’s stock valued at $61,209,000 after buying an additional 322,560 shares in the last quarter. Machina Capital S.A.S. lifted its holdings in Pinterest by 132.1% in the 4th quarter. Machina Capital S.A.S. now owns 32,905 shares of the company’s stock worth $954,000 after purchasing an additional 18,729 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Pinterest in the 4th quarter worth approximately $4,965,000. Candriam S.C.A. lifted its holdings in Pinterest by 20.5% in the 4th quarter. Candriam S.C.A. now owns 40,557 shares of the company’s stock worth $1,176,000 after purchasing an additional 6,887 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in Pinterest by 24.4% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 132,315 shares of the company’s stock worth $4,014,000 after purchasing an additional 25,929 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Activity

In other news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total transaction of $35,627.00. Following the transaction, the director now owns 31,386 shares of the company’s stock, valued at $972,338.28. This represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,879 shares of company stock valued at $3,653,577 over the last 90 days. 7.11% of the stock is owned by company insiders.

Pinterest Stock Down 7.2 %

Shares of PINS opened at $31.85 on Tuesday. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19. The firm has a market capitalization of $21.60 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The stock’s fifty day simple moving average is $34.18 and its 200-day simple moving average is $32.27.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Raymond James boosted their target price on Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada boosted their target price on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wells Fargo & Company boosted their target price on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, KeyCorp upped their price target on Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.47.

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.