Anomaly Capital Management LP Makes New $15.85 Million Investment in Pinterest, Inc. (NYSE:PINS)

Anomaly Capital Management LP acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 546,590 shares of the company's stock, valued at approximately $15,851,000. Anomaly Capital Management LP owned 0.08% of Pinterest as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PINS. Whipplewood Advisors LLC bought a new stake in shares of Pinterest in the fourth quarter worth $28,000. GAMMA Investing LLC increased its stake in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its position in Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after buying an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of 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 buying an additional 590 shares during the last quarter. Finally, Huntington National Bank grew its holdings in shares of Pinterest by 484.1% in the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after acquiring an additional 1,680 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Pinterest Trading Up 1.2 %

Pinterest stock traded up $0.30 during trading hours on Friday, reaching $26.05. 15,813,508 shares of the stock were exchanged, compared to its average volume of 10,557,934. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $45.19. The company has a market cap of $17.67 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. The stock has a 50 day moving average of $30.87 and a two-hundred day moving average of $31.63.

Pinterest (NYSE:PINS - Get Free Report) last posted 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 return on equity of 8.10% and a net margin of 51.07%. On average, analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PINS has been the subject of several recent research reports. Jefferies Financial Group reissued a "hold" rating and set a $32.00 price target (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. UBS Group lowered their target price on shares of Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Rosenblatt Securities increased their price target on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Guggenheim restated a "buy" rating on shares of Pinterest in a research note on Tuesday, April 1st. Finally, Citigroup lowered their price target on Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.10.

Insider Activity

In other news, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction 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 approximately $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 453,836 shares of company stock worth $14,828,392. 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.