Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Pinterest, Inc. (NYSE:PINS)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 232,649 shares of the company's stock, valued at approximately $6,747,000.

Other institutional investors also recently bought and sold shares of the company. Forum Financial Management LP raised its position in Pinterest by 69.2% in the 4th quarter. Forum Financial Management LP now owns 14,854 shares of the company's stock valued at $431,000 after purchasing an additional 6,074 shares during the last quarter. Toronto Dominion Bank increased its holdings in shares of Pinterest by 4.4% in the fourth quarter. Toronto Dominion Bank now owns 81,252 shares of the company's stock valued at $2,356,000 after purchasing an additional 3,410 shares during the period. Cache Advisors LLC purchased a new position in Pinterest during the fourth quarter worth about $261,000. GTS Securities LLC boosted its holdings in Pinterest by 120.8% in the 4th quarter. GTS Securities LLC now owns 9,797 shares of the company's stock valued at $284,000 after purchasing an additional 56,797 shares in the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Pinterest during the 4th quarter worth approximately $103,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $31.47, for a total value of $3,212,552.01. Following the completion of the sale, the director now directly owns 8,414 shares in the company, valued at approximately $264,788.58. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total transaction of $31,050.00. Following the transaction, the director now directly owns 26,786 shares of the company's stock, valued at $723,222. This trade represents a 4.12% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,066,426 shares of company stock valued at $34,835,253 over the last quarter. Company insiders own 7.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Royal Bank of Canada raised their price target on Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Guggenheim cut their price target on shares of Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wedbush restated an "outperform" rating and set a $40.00 target price (up from $38.00) on shares of Pinterest in a research report on Friday, May 9th. Finally, The Goldman Sachs Group reduced their price target on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Six research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $40.42.

Pinterest Trading Up 2.0%

Shares of NYSE PINS traded up $0.66 during midday trading on Wednesday, reaching $33.79. 9,996,401 shares of the stock were exchanged, compared to its average volume of 10,875,403. The stock has a 50 day moving average price of $28.57 and a 200-day moving average price of $31.26. The company has a market capitalization of $22.92 billion, a P/E ratio of 12.56, a P/E/G ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The firm had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm's revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 EPS. On average, analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current 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.