Tidal Investments LLC Has $2.10 Million Position in Pinterest, Inc. (NYSE:PINS)

Tidal Investments LLC grew its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 258.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,289 shares of the company's stock after acquiring an additional 52,111 shares during the period. Tidal Investments LLC's holdings in Pinterest were worth $2,096,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp boosted its holdings in shares of Pinterest by 91.3% in the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after purchasing an additional 11,925 shares during the last quarter. Swedbank AB boosted its holdings in shares of Pinterest by 2,108.7% in the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company's stock valued at $38,137,000 after purchasing an additional 1,255,513 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Pinterest by 699.4% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 296,033 shares of the company's stock valued at $8,585,000 after purchasing an additional 259,002 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Pinterest by 94.9% in the 4th quarter. Pacer Advisors Inc. now owns 53,033 shares of the company's stock valued at $1,538,000 after purchasing an additional 25,828 shares during the last quarter. Finally, Golden State Equity Partners boosted its holdings in shares of Pinterest by 23,687.8% in the 4th quarter. Golden State Equity Partners now owns 17,603 shares of the company's stock valued at $510,000 after purchasing an additional 17,529 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Raymond James lowered shares of Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th. Morgan Stanley boosted their target price on shares of Pinterest from $28.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. BMO Capital Markets dropped their price objective on shares of Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Benchmark dropped their price objective on shares of Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Pinterest presently has an average rating of "Moderate Buy" and a consensus target price of $40.26.

Insider Buying and Selling

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm'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 value of $219,766.50. Following the completion of the transaction, the insider now owns 254,211 shares of the company's stock, valued at approximately $8,350,831.35. This trade represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,941 shares of Pinterest 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 sale, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at $5,152,611.75. This trade represents a 2.66% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 964,343 shares of company stock valued at $31,622,701. Company insiders own 7.06% of the company's stock.

Pinterest Stock Down 0.2%

NYSE:PINS traded down $0.06 during trading hours on Wednesday, reaching $31.43. 2,123,567 shares of the company's stock were exchanged, compared to its average volume of 10,788,602. The company has a market capitalization of $21.32 billion, a P/E ratio of 11.68, 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's 50-day simple moving average is $28.72 and its two-hundred day simple moving average is $31.19.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $848.49 million. During the same period in the prior year, the business posted $0.17 EPS. The company's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

About Pinterest

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.