International Assets Investment Management LLC Grows Stock Holdings in Pinterest, Inc. (NYSE:PINS)

International Assets Investment Management LLC boosted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 3,402.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,266 shares of the company's stock after purchasing an additional 77,974 shares during the period. International Assets Investment Management LLC's holdings in Pinterest were worth $2,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Pinterest by 1.9% during the first quarter. Vanguard Group Inc. now owns 50,128,803 shares of the company's stock worth $1,233,670,000 after acquiring an additional 958,619 shares in the last quarter. BlackRock Inc. lifted its stake in Pinterest by 7.4% in the 1st quarter. BlackRock Inc. now owns 33,930,328 shares of the company's stock valued at $925,280,000 after purchasing an additional 2,349,424 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Pinterest by 28.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,743,947 shares of the company's stock worth $702,039,000 after purchasing an additional 5,670,073 shares during the period. Macquarie Group Ltd. increased its position in Pinterest by 1.5% during the second quarter. Macquarie Group Ltd. now owns 13,145,182 shares of the company's stock worth $238,716,000 after buying an additional 191,507 shares during the last quarter. Finally, State Street Corp raised its stake in Pinterest by 2.0% in the first quarter. State Street Corp now owns 12,143,900 shares of the company's stock valued at $298,861,000 after buying an additional 235,403 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Stock Performance

Shares of Pinterest stock traded down $0.51 on Friday, hitting $32.40. The stock had a trading volume of 8,174,014 shares, compared to its average volume of 9,529,879. The stock has a 50 day moving average of $34.87 and a 200 day moving average of $33.93. Pinterest, Inc. has a twelve month low of $20.60 and a twelve month high of $41.60.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million for the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. On average, equities research analysts predict that Pinterest, Inc. will post 0.36 earnings per share for the current year.

Insider Activity at Pinterest

In other news, Director Jeffrey D. Jordan sold 20,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $37.59, for a total transaction of $751,800.00. Following the completion of the sale, the director now directly owns 74,215 shares in the company, valued at $2,789,741.85. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Jeffrey D. Jordan sold 20,000 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $37.59, for a total value of $751,800.00. Following the transaction, the director now directly owns 74,215 shares of the company's stock, valued at approximately $2,789,741.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the sale, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The disclosure for this sale can be found here. Insiders have sold 184,471 shares of company stock worth $6,525,231 over the last ninety days. Insiders own 6.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PINS shares. Wedbush boosted their target price on Pinterest from $35.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Argus raised shares of Pinterest from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a report on Thursday, January 18th. BMO Capital Markets started coverage on shares of Pinterest in a research note on Tuesday, January 9th. They issued an "outperform" rating and a $45.00 price target on the stock. Piper Sandler restated an "overweight" rating and set a $48.00 price objective on shares of Pinterest in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. upped their target price on Pinterest from $34.00 to $38.00 and gave the company a "neutral" rating in a research report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $37.97.

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.