Tidal Investments LLC Increases Stock Position in Pinterest, Inc. (NYSE:PINS)

Tidal Investments LLC grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 258.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,289 shares of the company's stock after purchasing an additional 52,111 shares during the period. Tidal Investments LLC's holdings in Pinterest were worth $2,096,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PINS. True Wealth Design LLC raised its position in Pinterest by 49.0% in the 4th quarter. True Wealth Design LLC now owns 2,243 shares of the company's stock worth $65,000 after purchasing an additional 738 shares during the last quarter. State of Wyoming increased its stake in shares of Pinterest by 122.7% in the 4th quarter. State of Wyoming now owns 6,640 shares of the company's stock valued at $193,000 after buying an additional 3,658 shares during the period. Strategic Global Advisors LLC lifted its stake in shares of Pinterest by 6.5% during the fourth quarter. Strategic Global Advisors LLC now owns 40,700 shares of the company's stock valued at $1,180,000 after acquiring an additional 2,467 shares during the period. Toronto Dominion Bank boosted its stake in shares of Pinterest by 4.4% in the 4th quarter. Toronto Dominion Bank now owns 81,252 shares of the company's stock valued at $2,356,000 after purchasing an additional 3,410 shares during the last quarter. Finally, Siemens Fonds Invest GmbH grew its holdings in Pinterest by 679.4% during the 4th quarter. Siemens Fonds Invest GmbH now owns 48,408 shares of the company's stock worth $1,404,000 after acquiring an additional 42,197 shares during the period. Institutional investors own 88.81% of the company's stock.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Jeremy S. Levine sold 50,535 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the completion of the sale, the director now owns 1,156,693 shares of the company's stock, valued at approximately $39,304,428.14. This represents a 4.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,941 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $35.75, for a total transaction of $140,890.75. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,152,611.75. The trade was a 2.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 964,343 shares of company stock worth $31,622,701. 7.06% of the stock is currently owned by company insiders.

Pinterest Stock Up 1.7%

Pinterest stock traded up $0.53 during trading hours on Tuesday, hitting $31.43. The stock had a trading volume of 5,632,836 shares, compared to its average volume of 10,804,750. The business's 50 day simple moving average is $28.72 and its 200-day simple moving average is $31.19. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The stock has a market cap of $21.31 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 1.95 and a beta of 0.83.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. KeyCorp lifted their price objective on shares of Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Oppenheimer boosted their target price on Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Roth Capital set a $32.00 price target on Pinterest in a research report on Monday, February 3rd. Barclays decreased their price objective on Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Finally, Morgan Stanley lifted their price target on shares of Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.26.

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.