UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 624,181 Shares of Pinterest, Inc. (NYSE:PINS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 17.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,247,475 shares of the company's stock after purchasing an additional 624,181 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.63% of Pinterest worth $123,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp grew its stake in shares of Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after buying an additional 11,925 shares during the last quarter. Swedbank AB grew its position in Pinterest by 2,108.7% during the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company's stock worth $38,137,000 after acquiring an additional 1,255,513 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Pinterest by 699.4% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 296,033 shares of the company's stock worth $8,585,000 after acquiring an additional 259,002 shares during the last quarter. Pacer Advisors Inc. increased its stake in Pinterest by 94.9% in the 4th quarter. Pacer Advisors Inc. now owns 53,033 shares of the company's stock worth $1,538,000 after purchasing an additional 25,828 shares during the period. Finally, Golden State Equity Partners increased its stake in Pinterest by 23,687.8% in the 4th quarter. Golden State Equity Partners now owns 17,603 shares of the company's stock worth $510,000 after purchasing an additional 17,529 shares during the period. Institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

PINS has been the topic of several recent analyst reports. Wolfe Research upgraded shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price on the stock in a report on Thursday, May 15th. Roth Capital set a $32.00 price target on shares of Pinterest in a report on Monday, February 3rd. Wedbush reaffirmed an "outperform" rating and set a $40.00 price objective (up from $38.00) on shares of Pinterest in a research note on Friday, May 9th. Wells Fargo & Company cut their target price on Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Finally, Oppenheimer increased their price objective on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.26.

Pinterest Trading Down 0.0%

NYSE:PINS traded down $0.01 during mid-day trading on Wednesday, reaching $31.48. The company's stock had a trading volume of 8,386,454 shares, compared to its average volume of 10,812,390. The stock has a market cap of $21.35 billion, a P/E ratio of 11.70, a PEG ratio of 1.95 and a beta of 0.83. The firm's fifty day moving average price is $28.72 and its two-hundred day moving average price is $31.19. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share 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 company had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. During the same period in the previous year, the firm earned $0.17 earnings per share. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. Analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total transaction of $31,050.00. Following the completion of the sale, the director now owns 26,786 shares of the company's stock, valued at approximately $723,222. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Andrea Acosta sold 3,759 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $31.86, for a total value of $119,761.74. Following the completion of the sale, the chief accounting officer now owns 171,373 shares of the company's stock, valued at approximately $5,459,943.78. The trade was a 2.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 964,343 shares of company stock valued at $31,622,701 in the last ninety days. 7.06% of the stock is currently owned by company insiders.

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.