UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $123.18 Million Stake in Pinterest, Inc. (NYSE:PINS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 17.2% in the 4th quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC bought a new position in Pinterest during the fourth quarter valued at about $28,000. Strategic Investment Solutions Inc. IL increased its stake in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock valued at $44,000 after acquiring an additional 1,204 shares during the period. V Square Quantitative Management LLC increased its stake in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares during the period. Huntington National Bank increased its stake in Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after acquiring an additional 1,680 shares during the period. Finally, CoreCap Advisors LLC increased its stake in Pinterest by 98.5% during the fourth quarter. CoreCap Advisors LLC now owns 2,096 shares of the company's stock valued at $61,000 after acquiring an additional 1,040 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. KeyCorp boosted their price target on Pinterest from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Citigroup upped their price objective on Pinterest from $38.00 to $41.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Oppenheimer upped their price objective on Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. The Goldman Sachs Group lowered their price objective on Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, Barclays lowered their price objective on Pinterest from $42.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $40.26.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the sale, the director now owns 6,274 shares of the company's stock, valued at approximately $195,497.84. This trade represents a 94.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Andrea Acosta sold 3,759 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $31.86, for a total value of $119,761.74. Following the sale, the chief accounting officer now directly owns 171,373 shares in the company, valued at $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 worth $31,622,701 in the last three months. Insiders own 7.06% of the company's stock.

Pinterest Stock Down 0.7%

NYSE:PINS traded down $0.22 during trading hours on Thursday, hitting $31.22. 2,016,393 shares of the stock were exchanged, compared to its average volume of 12,879,756. The company's 50 day moving average is $28.70 and its two-hundred day moving average is $31.19. Pinterest, Inc. has a twelve month low of $23.68 and a twelve month high of $45.19. The company has a market capitalization of $21.17 billion, a P/E ratio of 11.60, 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 results 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 return on equity of 8.10% and a net margin of 51.07%. The company had revenue of $854.99 million during the quarter, compared to the consensus estimate of $848.49 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

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.