Pinterest, Inc. (NYSE:PINS) Shares Acquired by Man Group plc

Man Group plc raised its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,670,141 shares of the company's stock after acquiring an additional 618,280 shares during the quarter. Man Group plc owned 0.25% of Pinterest worth $48,434,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. NorthRock Partners LLC acquired a new stake in Pinterest in the fourth quarter valued at $312,000. Oaktop Capital Management II L.P. lifted its holdings in Pinterest by 20.0% in the fourth quarter. Oaktop Capital Management II L.P. now owns 300,000 shares of the company's stock valued at $8,700,000 after acquiring an additional 50,000 shares during the period. Meridiem Capital Partners LP acquired a new stake in Pinterest in the fourth quarter valued at $8,962,000. Lazard Asset Management LLC lifted its holdings in Pinterest by 14.5% in the fourth quarter. Lazard Asset Management LLC now owns 180,623 shares of the company's stock valued at $5,237,000 after acquiring an additional 22,899 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC acquired a new stake in Pinterest in the fourth quarter valued at $232,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Up 1.0%

Shares of PINS traded up $0.32 during mid-day trading on Friday, hitting $32.56. The company had a trading volume of 11,143,283 shares, compared to its average volume of 10,734,325. The business's 50-day simple moving average is $28.74 and its 200-day simple moving average is $31.22. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19. The stock has a market cap of $22.08 billion, a PE ratio of 12.10, a P/E/G ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS - Get Free Report) last released its 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 analyst estimates of $848.49 million. During the same period in the prior year, the business posted $0.17 earnings per share. Pinterest's revenue was up 15.5% on a year-over-year basis. On average, sell-side analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 408,332 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the sale, the director now owns 6,274 shares of the company's stock, valued at approximately $208,045.84. This represents a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 862,168 shares of company stock valued at $28,368,681. Insiders own 7.06% of the company's stock.

Analyst Ratings Changes

PINS has been the subject of several research reports. Rosenblatt Securities lifted their price target on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Raymond James downgraded Pinterest from an "overweight" rating to a "market perform" rating in a research note on Monday, April 7th. TD Cowen cut their price target on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Guggenheim cut their price target on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, The Goldman Sachs Group cut their price target on Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.26.

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.