Poinciana Advisors Group LLC Makes New $267,000 Investment in Pinterest, Inc. (NYSE:PINS)

Poinciana Advisors Group LLC purchased a new position in shares of Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,205 shares of the company’s stock, valued at approximately $267,000.

Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in Pinterest during the 4th quarter worth about $28,000. GAMMA Investing LLC increased its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after purchasing an additional 415 shares during the period. Crewe Advisors LLC increased its holdings in Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after purchasing an additional 550 shares during the period. True Wealth Design LLC increased its holdings in Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after purchasing an additional 1,487 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after purchasing an additional 590 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the transaction, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 106,879 shares of company stock valued at $3,653,577. Corporate insiders own 7.11% of the company’s stock.

Analysts Set New Price Targets

PINS has been the subject of several analyst reports. Cantor Fitzgerald upped their price objective on Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Raymond James upped their price objective on Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Royal Bank of Canada upped their price objective on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Benchmark raised Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Friday, February 7th. Finally, Guggenheim upped their price objective on Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus target price of $43.47.

Pinterest Stock Up 2.5 %

PINS opened at $31.92 on Friday. The company has a market cap of $21.65 billion, a PE ratio of 11.87, a P/E/G ratio of 1.95 and a beta of 1.02. The business has a 50 day moving average price of $34.34 and a two-hundred day moving average price of $32.27. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last issued 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 return on equity of 8.10% and a net margin of 51.07%. As a group, sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.