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

Quantinno Capital Management LP grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 691.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 194,978 shares of the company's stock after acquiring an additional 170,353 shares during the quarter. Quantinno Capital Management LP's holdings in Pinterest were worth $5,654,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its stake in Pinterest by 14.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 16,391 shares of the company's stock worth $475,000 after purchasing an additional 2,020 shares during the last quarter. Carnegie Investment Counsel raised its holdings in shares of Pinterest by 5.6% in the fourth quarter. Carnegie Investment Counsel now owns 19,194 shares of the company's stock worth $557,000 after buying an additional 1,022 shares during the period. Empirical Asset Management LLC bought a new stake in shares of Pinterest during the 4th quarter worth approximately $693,000. Avanza Fonder AB purchased a new position in Pinterest during the 4th quarter valued at $2,389,000. Finally, Merit Financial Group LLC bought a new position in Pinterest in the 4th quarter valued at $363,000. Institutional investors own 88.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PINS shares. Oppenheimer lifted their target price on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Thursday, May 15th. Barclays dropped their target price on shares of Pinterest from $42.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Wedbush reaffirmed an "outperform" rating and set a $40.00 price target (up previously from $38.00) on shares of Pinterest in a research note on Friday, May 9th. Finally, Royal Bank of Canada increased their price objective on Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.26.

Pinterest Stock Performance

NYSE:PINS traded down $0.89 during midday trading on Friday, reaching $30.86. 2,775,918 shares of the stock traded hands, compared to its average volume of 10,756,857. The stock has a market capitalization of $20.93 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19. The business has a 50-day moving average of $28.74 and a two-hundred day moving average of $31.23.

Pinterest (NYSE:PINS - Get Free Report) last issued 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 business had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The business's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. Research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now owns 254,211 shares of the company's stock, valued at approximately $8,350,831.35. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 964,251 shares of company stock worth $31,640,305. 7.06% of the stock is owned by 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.