Pinterest, Inc. (NYSE:PINS) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 691.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,978 shares of the company's stock after purchasing an additional 170,353 shares during the quarter. Quantinno Capital Management LP's holdings in Pinterest were worth $5,654,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Whipplewood Advisors LLC bought a new stake in shares of Pinterest in the fourth quarter worth about $28,000. Strategic Investment Solutions Inc. IL grew its holdings in Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after buying an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC grew 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 valued at $50,000 after buying an additional 590 shares in the last quarter. Huntington National Bank increased its stake in Pinterest by 484.1% in the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after acquiring an additional 1,680 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in shares of Pinterest by 98.5% during the 4th quarter. CoreCap Advisors LLC now owns 2,096 shares of the company's stock worth $61,000 after acquiring an additional 1,040 shares in the last quarter. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Down 0.0%

NYSE:PINS traded down $0.01 during midday trading on Wednesday, hitting $32.25. The stock had a trading volume of 13,008,845 shares, compared to its average volume of 10,766,885. The stock has a 50-day moving average of $28.75 and a 200 day moving average of $31.23. The company has a market capitalization of $21.87 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19.

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

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total value of $31,050.00. Following the completion of the transaction, the director now directly owns 26,786 shares of the company's stock, valued at approximately $723,222. The trade was a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 861,018 shares of company stock worth $28,323,613 in the last three months. Corporate insiders own 7.06% of the company's stock.

Analyst Upgrades and Downgrades

PINS has been the topic of several research reports. Guggenheim reduced their price target on shares of Pinterest from $40.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Bank of America dropped their price objective on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Sanford C. Bernstein upgraded shares of Pinterest from a "market perform" rating to an "outperform" rating and upped their target price for the company from $34.00 to $47.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. lifted their price target on Pinterest from $30.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada upped their price objective on Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.26.

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.