Pinterest, Inc. $PINS Shares Bought by Fourth Dimension Wealth LLC

Fourth Dimension Wealth LLC raised its holdings in Pinterest, Inc. (NYSE:PINS) by 44.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,363 shares of the company’s stock after acquiring an additional 1,639 shares during the period. Fourth Dimension Wealth LLC’s holdings in Pinterest were worth $192,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. TD Private Client Wealth LLC grew its stake in shares of Pinterest by 16.5% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company’s stock valued at $94,000 after buying an additional 371 shares during the period. Riverpark Capital Management LLC grew its stake in shares of Pinterest by 1.2% during the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock valued at $987,000 after buying an additional 377 shares during the period. Whittier Trust Co. grew its stake in shares of Pinterest by 22.3% during the 2nd quarter. Whittier Trust Co. now owns 2,088 shares of the company’s stock valued at $75,000 after buying an additional 381 shares during the period. Optas LLC grew its stake in shares of Pinterest by 1.9% during the 2nd quarter. Optas LLC now owns 23,315 shares of the company’s stock valued at $836,000 after buying an additional 442 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Pinterest by 18.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $96,000 after acquiring an additional 476 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Pinterest from a “buy” rating to a “hold” rating in a report on Saturday, October 4th. KeyCorp lifted their target price on shares of Pinterest from $40.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 17th. Piper Sandler set a $40.00 target price on shares of Pinterest in a report on Friday, August 8th. Oppenheimer restated an “outperform” rating on shares of Pinterest in a report on Friday, August 8th. Finally, Barclays lifted their target price on shares of Pinterest from $38.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

Insider Activity

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $35.00, for a total transaction of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares of the company’s stock, valued at $1,071,000. The trade was a 3.62% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 640,236 shares of company stock worth $22,878,326. 7.11% of the stock is owned by corporate insiders.

Pinterest Price Performance

Shares of PINS stock opened at $32.88 on Wednesday. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The firm has a market capitalization of $22.36 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.73 and a beta of 0.96. The company’s fifty day moving average price is $34.19 and its two-hundred day moving average price is $33.87.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $665.93 million for the quarter. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest Company 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.