Pinterest, Inc. (NYSE:PINS) Shares Purchased by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH raised its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 679.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,408 shares of the company's stock after purchasing an additional 42,197 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Pinterest were worth $1,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock valued at $366,000 after acquiring an additional 342 shares in the last quarter. Ethos Financial Group LLC boosted its position in Pinterest by 3.1% in the 4th quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock worth $342,000 after purchasing an additional 350 shares in the last quarter. Amalgamated Bank boosted its position in Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company's stock worth $1,154,000 after purchasing an additional 372 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Pinterest by 20.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock worth $75,000 after buying an additional 429 shares during the period. Finally, Redwood Investment Management LLC raised its stake in shares of Pinterest by 3.2% during the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after buying an additional 495 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the transaction, the insider now owns 254,211 shares of the company's stock, valued at approximately $8,350,831.35. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares in the company, valued at approximately $1,139,880.34. The trade was a 3.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 862,168 shares of company stock worth $28,368,681. 7.06% of the stock is owned by insiders.

Analyst Ratings Changes

PINS has been the subject of several research analyst reports. Cantor Fitzgerald upped their target price on Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. The Goldman Sachs Group reduced their target price on Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Rosenblatt Securities increased their price objective on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Sanford C. Bernstein raised Pinterest from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Finally, Stifel Nicolaus cut their target price on Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and a consensus price target of $40.26.

Pinterest Trading Up 0.7%

PINS stock traded up $0.23 during trading on Tuesday, hitting $32.25. 12,550,658 shares of the company's stock were exchanged, compared to its average volume of 10,757,884. The business has a 50-day moving average price of $28.72 and a two-hundred day moving average price of $31.22. The stock has a market capitalization of $21.87 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The firm had revenue of $854.99 million during the quarter, compared to analysts' expectations of $848.49 million. During the same quarter in the prior year, the firm posted $0.17 EPS. Pinterest's quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.