Two Sigma Investments LP Raises Holdings in Pinterest, Inc. (NYSE:PINS)

Two Sigma Investments LP boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 25.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,871 shares of the company's stock after purchasing an additional 12,058 shares during the quarter. Two Sigma Investments LP's holdings in Pinterest were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in Pinterest in the fourth quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL raised its stake 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 in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after acquiring an additional 590 shares in the last quarter. Huntington National Bank raised its stake in shares of Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after acquiring an additional 1,680 shares in the last quarter. Finally, CoreCap Advisors LLC raised its stake in shares of Pinterest by 98.5% during the fourth 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. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on PINS. Barclays decreased their price target 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. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Bank of America decreased their price target on shares of Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Monness Crespi & Hardt cut their target price on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Raymond James cut shares of Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th. Six analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.42.

Insider Buying and Selling at Pinterest

In related news, CFO Donnelly Julia Brau sold 38,596 shares of Pinterest stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $34.27, for a total transaction of $1,322,684.92. Following the completion of the transaction, the chief financial officer now directly owns 231,879 shares in the company, valued at approximately $7,946,493.33. This trade represents a 14.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,941 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.75, for a total value of $140,890.75. Following the completion of the sale, the chief accounting officer now owns 144,129 shares of the company's stock, valued at $5,152,611.75. This trade represents a 2.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,066,426 shares of company stock worth $34,835,253 over the last quarter. Insiders own 7.06% of the company's stock.

Pinterest Stock Performance

PINS stock traded up $0.66 during midday trading on Wednesday, reaching $33.79. The company's stock had a trading volume of 9,996,401 shares, compared to its average volume of 10,853,459. The stock has a fifty day simple moving average of $28.57 and a two-hundred day simple moving average of $31.26. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $45.19. The firm has a market capitalization of $22.92 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly 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). The firm had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The business's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 EPS. As a group, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.