AustralianSuper Pty Ltd Buys Shares of 185,800 Pinterest, Inc. (NYSE:PINS)

AustralianSuper Pty Ltd bought a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 185,800 shares of the company's stock, valued at approximately $5,388,000.

A number of other institutional investors have also modified their holdings of PINS. GAMMA Investing LLC grew its holdings in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares during the period. V Square Quantitative Management LLC acquired a new position in Pinterest during the third quarter worth $37,000. Crewe Advisors LLC grew its holdings in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock worth $37,000 after acquiring an additional 550 shares during the period. True Wealth Design LLC grew its holdings in Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after acquiring an additional 1,487 shares during the period. Finally, Rakuten Securities Inc. grew its holdings in Pinterest by 44.2% during the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company's stock worth $74,000 after acquiring an additional 703 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Price Performance

PINS stock traded down $0.60 during midday trading on Wednesday, reaching $38.72. 6,264,679 shares of the company's stock traded hands, compared to its average volume of 12,338,096. The company has a market capitalization of $26.26 billion, a P/E ratio of 14.39, a PEG ratio of 1.91 and a beta of 1.06. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The business has a 50-day moving average price of $32.31 and a two-hundred day moving average price of $31.60.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. As a group, research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PINS. The Goldman Sachs Group upped their price objective on Pinterest from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Rosenblatt Securities upped their target price on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a report on Friday, February 7th. Stifel Nicolaus reissued a "buy" rating and issued a $50.00 target price (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Sanford C. Bernstein upgraded 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 research report on Friday, February 7th. Finally, Oppenheimer boosted their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $43.86.

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of Pinterest stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the sale, the insider now owns 246,921 shares in the company, valued at approximately $7,610,105.22. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total transaction of $35,627.00. Following the completion of the sale, the director now owns 31,386 shares of the company's stock, valued at approximately $972,338.28. This trade represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,007 shares of company stock worth $554,942 over the last 90 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.