Pinterest, Inc. (NYSE:PINS) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 444,512 shares of the company's stock after acquiring an additional 68,414 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Pinterest worth $16,540,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PINS. Ameriprise Financial Inc. boosted its holdings in Pinterest by 43.9% during the third quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company's stock valued at $300,639,000 after purchasing an additional 3,390,924 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Pinterest by 12.6% in the 4th quarter. Baillie Gifford & Co. now owns 9,305,759 shares of the company's stock valued at $344,685,000 after purchasing an additional 1,043,173 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Pinterest by 26.0% in the 3rd quarter. Clearbridge Investments LLC now owns 6,820,443 shares of the company's stock valued at $184,357,000 after purchasing an additional 1,407,793 shares in the last quarter. FMR LLC lifted its holdings in Pinterest by 8.1% during the 3rd quarter. FMR LLC now owns 5,097,160 shares of the company's stock valued at $137,776,000 after purchasing an additional 381,837 shares during the last quarter. Finally, Fred Alger Management LLC boosted its position in Pinterest by 279,496.9% in the third quarter. Fred Alger Management LLC now owns 4,672,065 shares of the company's stock valued at $126,286,000 after buying an additional 4,670,394 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Stock Performance

Shares of NYSE PINS traded down $0.09 during mid-day trading on Friday, hitting $40.41. The stock had a trading volume of 9,685,456 shares, compared to its average volume of 10,543,186. The firm has a market cap of $27.44 billion, a P/E ratio of 192.43, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The business has a 50 day moving average price of $34.79 and a two-hundred day moving average price of $34.53. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. Equities research analysts predict that Pinterest, Inc. will post 0.37 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $34.10, for a total transaction of $65,949.40. Following the completion of the transaction, the director now owns 33,580 shares of the company's stock, valued at $1,145,078. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the transaction, the chief financial officer now directly owns 392,829 shares of the company's stock, valued at $13,521,174.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,934 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $34.10, for a total value of $65,949.40. Following the completion of the transaction, the director now directly owns 33,580 shares in the company, valued at $1,145,078. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,471 shares of company stock worth $5,773,431. 7.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PINS shares. Wedbush raised their price objective on shares of Pinterest from $38.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday. Roth Mkm increased their price target on Pinterest from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Pinterest from $38.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday. Stifel Nicolaus raised their price target on Pinterest from $42.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Argus raised Pinterest from a "hold" rating to a "buy" rating and set a $45.00 price objective for the company in a report on Thursday, January 18th. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and an average price target of $40.82.

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.