Vestor Capital LLC Makes New $5.93 Million Investment in Pinterest, Inc. (NYSE:PINS)

Vestor Capital LLC bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 159,954 shares of the company's stock, valued at approximately $5,925,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new position in Pinterest in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in shares of Pinterest during the fourth quarter valued at about $30,000. Washington Trust Advisors Inc. increased its position in Pinterest by 46.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company's stock valued at $38,000 after buying an additional 326 shares in the last quarter. Clear Street Markets LLC bought a new position in Pinterest in the third quarter worth approximately $41,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Pinterest in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 88.81% of the company's stock.

Analyst Ratings Changes

PINS has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Pinterest from $42.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday, May 1st. Benchmark reissued a "hold" rating on shares of Pinterest in a report on Wednesday, May 1st. Piper Sandler raised their target price on Pinterest from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Roth Mkm upped their price target on Pinterest from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Finally, Susquehanna lifted their price objective on shares of Pinterest from $35.00 to $45.00 and gave the stock a "positive" rating in a report on Friday, February 9th. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $41.26.

Pinterest Price Performance

NYSE:PINS traded down $0.64 during trading hours on Friday, hitting $42.01. The company had a trading volume of 9,968,722 shares, compared to its average volume of 11,203,896. Pinterest, Inc. has a 52 week low of $21.02 and a 52 week high of $42.95. The company has a market capitalization of $28.70 billion, a PE ratio of 200.03, a price-to-earnings-growth ratio of 4.12 and a beta of 0.99. The stock has a 50-day moving average price of $35.40 and a 200 day moving average price of $35.01.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.04. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The firm had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. Analysts anticipate that Pinterest, Inc. will post 0.43 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the sale, 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 legal filing with the SEC, which is available through the SEC website. In other news, CFO Donnelly Julia Brau sold 65,972 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the transaction, the chief financial officer now directly owns 392,829 shares in the company, valued at $13,521,174.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey D. Jordan sold 20,000 shares of Pinterest stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $36.65, for a total value of $733,000.00. Following the transaction, the director now directly owns 54,215 shares in the company, valued at $1,986,979.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 164,471 shares of company stock valued at $5,773,431. 7.11% of the stock is currently owned by corporate insiders.

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.

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