Inflection Point Investments LLP Makes New $13.47 Million Investment in Pinterest, Inc. (NYSE:PINS)

Inflection Point Investments LLP acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 363,758 shares of the company's stock, valued at approximately $13,474,000. Pinterest comprises 11.7% of Inflection Point Investments LLP's investment portfolio, making the stock its 6th biggest holding. Inflection Point Investments LLP owned 0.05% of Pinterest as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Pinterest in the 4th quarter valued at about $27,000. Rakuten Securities Inc. purchased a new stake in shares of Pinterest during the fourth quarter valued at approximately $30,000. Washington Trust Advisors Inc. lifted its holdings in Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company's stock worth $38,000 after acquiring an additional 326 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Pinterest in the fourth quarter worth $43,000. Finally, Blue Trust Inc. grew its stake in Pinterest by 87.7% in the 4th quarter. Blue Trust Inc. now owns 1,192 shares of the company's stock valued at $44,000 after purchasing an additional 557 shares during the period. Institutional investors own 88.81% of the company's stock.

Pinterest Trading Up 0.1 %

Shares of NYSE PINS traded up $0.02 during midday trading on Friday, hitting $42.80. 4,947,048 shares of the company's stock were exchanged, compared to its average volume of 10,198,664. The business's fifty day moving average price is $35.92 and its two-hundred day moving average price is $35.55. The company has a market cap of $29.24 billion, a price-to-earnings ratio of 203.80, a PEG ratio of 4.23 and a beta of 0.99. Pinterest, Inc. has a 12-month low of $21.84 and a 12-month high of $43.12.

Insider Activity

In other news, CFO Donnelly Julia Brau sold 65,972 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 392,829 shares in the company, valued at approximately $13,521,174.18. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest stock in a transaction dated 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 transaction, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the sale, the insider now owns 500,504 shares of the company's stock, valued at $17,762,886.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 166,405 shares of company stock worth $5,855,142. 7.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PINS has been the topic of a number of recent analyst reports. Citigroup lifted their target price on Pinterest from $48.00 to $51.00 and gave the stock a "buy" rating in a research note on Wednesday, May 1st. BMO Capital Markets increased their target price on shares of Pinterest from $45.00 to $46.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Pinterest from $38.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, May 1st. Wedbush increased their price objective on Pinterest from $38.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, May 1st. Finally, Argus raised Pinterest from a "hold" rating to a "buy" rating and set a $45.00 target price for the company in a research report on Thursday, January 18th. Eight research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.26.

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.

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