Susquehanna Fundamental Investments LLC Invests $3.73 Million in Pinterest, Inc. (NYSE:PINS)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 128,726 shares of the company's stock, valued at approximately $3,733,000.

Other large investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in Pinterest in the 3rd quarter worth approximately $87,000. GAMMA Investing LLC increased its stake in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the period. Everence Capital Management Inc. bought a new stake in Pinterest during the 4th quarter valued at $520,000. Nordea Investment Management AB boosted its position in Pinterest by 122.1% during the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock valued at $111,515,000 after buying an additional 2,093,248 shares during the period. Finally, Graypoint LLC bought a new stake in Pinterest in the 4th quarter worth $317,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Pinterest Stock Up 5.5 %

NYSE:PINS traded up $1.41 during mid-day trading on Friday, hitting $26.90. 15,610,861 shares of the stock traded hands, compared to its average volume of 10,387,485. The stock has a market capitalization of $18.24 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.95 and a beta of 0.99. The firm's 50 day moving average is $29.68 and its two-hundred day moving average is $31.39. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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, research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares of the company's stock, valued at $1,139,880.34. The trade was a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now directly owns 6,274 shares in the company, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 453,836 shares of company stock valued at $14,828,392 in the last three months. Company insiders own 7.11% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on PINS. Oppenheimer raised their target price on Pinterest from $40.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Citigroup cut their price objective on Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company decreased their target price on Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Tuesday, April 1st. Finally, Jefferies Financial Group reissued a "hold" rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.93.

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.