Long Focus Capital Management LLC Has $26.32 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Long Focus Capital Management LLC increased its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 372.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 907,483 shares of the company's stock after acquiring an additional 715,483 shares during the quarter. Pinterest makes up about 0.9% of Long Focus Capital Management LLC's portfolio, making the stock its 20th biggest holding. Long Focus Capital Management LLC owned 0.13% of Pinterest worth $26,317,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. boosted its stake in shares of Pinterest by 162.8% in the fourth quarter. Pinebridge Investments L.P. now owns 76,742 shares of the company's stock worth $2,226,000 after acquiring an additional 47,539 shares during the last quarter. Blue Door Asset Management LLC grew its holdings in shares of Pinterest by 55.9% during the fourth quarter. Blue Door Asset Management LLC now owns 139,500 shares of the company's stock worth $4,046,000 after buying an additional 50,000 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after buying an additional 12,986,310 shares during the last quarter. Anomaly Capital Management LP acquired a new stake in Pinterest in the 4th quarter valued at about $15,851,000. Finally, Hsbc Holdings PLC lifted its stake in Pinterest by 1.4% in the 4th quarter. Hsbc Holdings PLC now owns 398,057 shares of the company's stock worth $11,552,000 after purchasing an additional 5,443 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

Shares of NYSE PINS traded down $0.21 during midday trading on Monday, reaching $25.85. 3,174,996 shares of the company traded hands, compared to its average volume of 10,529,047. The stock has a 50-day moving average price of $30.87 and a 200 day moving average price of $31.63. The company has a market cap of $17.53 billion, a price-to-earnings ratio of 9.62, a PEG ratio of 1.95 and a beta of 0.99. 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 issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. As a group, analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the completion of the sale, the director now owns 26,786 shares in the company, valued at approximately $723,222. This represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock valued at $14,828,392 over the last 90 days. 7.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group reduced their price objective on Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley lowered their price target on shares of Pinterest from $42.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Sanford C. Bernstein upgraded shares of Pinterest from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company dropped their price target on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Eight analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and a consensus price target of $41.10.

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.