Family Management Corp Takes Position in Pinterest, Inc. (NYSE:PINS)

Family Management Corp purchased a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 73,602 shares of the company's stock, valued at approximately $2,134,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC bought a new position in shares of Pinterest in the 4th quarter valued at $28,000. GAMMA Investing LLC increased its holdings in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after purchasing an additional 415 shares during the period. Strategic Investment Solutions Inc. IL increased its holdings in Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after purchasing an additional 1,204 shares during the period. V Square Quantitative Management LLC increased its holdings in Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after purchasing an additional 590 shares during the period. Finally, Huntington National Bank increased its holdings in Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after purchasing an additional 1,680 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PINS has been the subject of a number of recent analyst reports. KeyCorp increased their price target on Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday. UBS Group decreased their price target on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays decreased their price target on Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday. Benchmark reduced their target price on Pinterest from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, Wedbush restated an "outperform" rating and issued a $40.00 target price (up from $38.00) on shares of Pinterest in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and a consensus target price of $40.27.

Pinterest Stock Performance

Shares of Pinterest stock traded up $3.60 during mid-day trading on Monday, hitting $32.82. 33,873,093 shares of the stock were exchanged, compared to its average volume of 10,685,151. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19. The company has a 50-day simple moving average of $28.84 and a 200 day simple moving average of $31.20. The company has a market capitalization of $22.26 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. During the same period in the prior year, the business earned $0.17 EPS. Pinterest's quarterly revenue was up 15.5% compared to the same quarter last year. Analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Insiders Place Their Bets

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the business'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 sale, the chief accounting officer now owns 144,129 shares of the company's stock, valued at $5,399,072.34. The trade was a 2.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. The trade was a 3.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 453,836 shares of company stock valued at $14,828,392 in the last 90 days. 7.06% of the stock is currently owned by corporate insiders.

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.