Pinterest, Inc. (NYSE:PINS) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC raised its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 82.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,406 shares of the company's stock after buying an additional 37,333 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Pinterest were worth $2,390,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in Pinterest in the 4th quarter valued at $28,000. GAMMA Investing LLC raised its position in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after buying an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC boosted its position in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after acquiring an additional 590 shares during the last quarter. Finally, Huntington National Bank grew its stake in Pinterest by 484.1% during the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after acquiring an additional 1,680 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now directly owns 254,211 shares in the company, valued at approximately $8,350,831.35. The trade was a 2.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now owns 29,086 shares of the company's stock, valued at $1,139,880.34. This represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,836 shares of company stock valued at $14,828,392. Company insiders own 7.06% of the company's stock.

Pinterest Price Performance

Shares of PINS traded up $1.37 during mid-day trading on Friday, reaching $29.23. 44,136,643 shares of the company's stock were exchanged, compared to its average volume of 10,588,787. The business's fifty day simple moving average is $28.84 and its 200-day simple moving average is $31.21. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19. The stock has a market capitalization of $19.82 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Pinterest's quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. Equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PINS shares. TD Cowen decreased their target price on shares of Pinterest from $46.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price objective on Pinterest from $30.00 to $35.00 and gave the stock a "neutral" rating in a research note on Friday. KeyCorp lifted their price target on Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $34.00 to $47.00 in a report on Friday, February 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $40.00 target price (up from $38.00) on shares of Pinterest in a research note on Friday. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus price target of $40.27.

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.