Vestmark Advisory Solutions Inc. Purchases New Holdings in Pinterest, Inc. (NYSE:PINS)

Vestmark Advisory Solutions Inc. purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 62,724 shares of the company's stock, valued at approximately $2,323,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PINS. ARK Investment Management LLC grew its stake in Pinterest by 152.3% in the 4th quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company's stock worth $53,507,000 after buying an additional 872,016 shares in the last quarter. Nordea Investment Management AB grew its position in Pinterest by 57.9% in the fourth quarter. Nordea Investment Management AB now owns 882,233 shares of the company's stock worth $32,766,000 after acquiring an additional 323,547 shares in the last quarter. International Assets Investment Management LLC increased its stake in Pinterest by 3,402.0% in the fourth quarter. International Assets Investment Management LLC now owns 80,266 shares of the company's stock valued at $2,973,000 after acquiring an additional 77,974 shares during the last quarter. Acadian Asset Management LLC raised its position in Pinterest by 53.1% during the third quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company's stock valued at $84,826,000 after purchasing an additional 1,089,299 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in Pinterest by 55.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company's stock worth $6,477,000 after purchasing an additional 62,117 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Wall Street Analyst Weigh In

PINS has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on Pinterest from $48.00 to $52.00 and gave the stock an "outperform" rating in a research report on Wednesday. Susquehanna boosted their price objective on shares of Pinterest from $35.00 to $45.00 and gave the company a "positive" rating in a report on Friday, February 9th. Benchmark restated a "hold" rating on shares of Pinterest in a research report on Wednesday. Wedbush lifted their target price on shares of Pinterest from $38.00 to $44.00 and gave the stock a "neutral" rating in a research report on Wednesday. Finally, Citigroup boosted their target price on shares of Pinterest from $48.00 to $51.00 and gave the company a "buy" rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of "Moderate Buy" and an average price target of $40.82.

Pinterest Price Performance

Shares of NYSE:PINS traded down $0.09 during trading hours on Friday, hitting $40.41. 9,685,456 shares of the company's stock traded hands, compared to its average volume of 10,543,186. The firm has a market capitalization of $27.44 billion, a P/E ratio of 192.44, a price-to-earnings-growth ratio of 4.64 and a beta of 0.99. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60. The business has a fifty day moving average price of $34.79 and a 200-day moving average price of $34.58.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.04. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The firm had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. As a group, equities analysts predict that Pinterest, Inc. will post 0.43 earnings per share for the current 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 Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares of the company's stock, valued at approximately $1,055,077.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Sabrina Ellis sold 24,410 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total transaction of $866,310.90. Following the sale, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,934 shares of the business's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares of the company's stock, valued at approximately $1,055,077.64. The disclosure for this sale can be found here. Insiders sold a total of 164,471 shares of company stock worth $5,773,431 over the last ninety days. Company insiders own 7.11% of the company's stock.

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.