Pinterest, Inc. (NYSE:PINS) Stock Holdings Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Pinterest by 104.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock worth $737,533,000 after acquiring an additional 12,986,310 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Pinterest by 49.7% during the 4th quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after acquiring an additional 4,527,902 shares in the last quarter. FMR LLC raised its stake in Pinterest by 2.6% during the 4th quarter. FMR LLC now owns 12,599,356 shares of the company's stock worth $365,381,000 after acquiring an additional 316,633 shares in the last quarter. Norges Bank acquired a new position in Pinterest in the fourth quarter valued at $358,205,000. Finally, Marshall Wace LLP increased its stake in Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock valued at $310,352,000 after purchasing an additional 6,129,985 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Pinterest

In other news, CAO Andrea Acosta sold 3,941 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $35.75, for a total value of $140,890.75. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,152,611.75. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the company'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 transaction, the insider now directly owns 254,211 shares of the company's stock, valued at $8,350,831.35. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 964,343 shares of company stock worth $31,622,701 in the last ninety days. 7.06% of the stock is owned by insiders.

Pinterest Trading Up 1.8%

PINS traded up $0.56 during trading on Tuesday, hitting $31.46. 10,223,008 shares of the company's stock were exchanged, compared to its average volume of 10,822,086. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $45.19. The stock has a 50 day moving average price of $28.72 and a 200 day moving average price of $31.19. The firm has a market cap of $21.34 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83.

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 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 the consensus estimate of $848.49 million. During the same quarter last year, the company earned $0.17 earnings per share. The company's revenue was up 15.5% compared to the same quarter last year. Analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PINS shares. 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. Oppenheimer lifted their price objective on shares of Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Barclays dropped their price objective 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. Cantor Fitzgerald lifted their price objective on shares of Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Bank of America dropped their price objective 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. 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 has a consensus rating of "Moderate Buy" and an average price target of $40.26.

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.