Banco Bilbao Vizcaya Argentaria S.A. Increases Position in Pinterest, Inc. (NYSE:PINS)

Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 302,248 shares of the company's stock after purchasing an additional 55,301 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Pinterest were worth $8,798,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Pinterest by 2.8% in the 4th 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 purchasing an additional 342 shares during the last quarter. Ethos Financial Group LLC increased its stake 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 buying an additional 350 shares during the period. Amalgamated Bank raised its stake in shares of Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company's stock valued at $1,154,000 after acquiring an additional 372 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the period. Finally, Steph & Co. grew its holdings in Pinterest by 6.4% during the 4th quarter. Steph & Co. now owns 7,048 shares of the company's stock worth $204,000 after acquiring an additional 425 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PINS. Monness Crespi & Hardt upgraded Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price objective for the company in a research note on Friday, January 10th. Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a research note on Friday, February 7th. KeyCorp decreased their price target on Pinterest from $41.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Roth Capital set a $32.00 target price on Pinterest in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pinterest currently has an average rating of "Moderate Buy" and a consensus target price of $41.10.

Pinterest Stock Performance

PINS stock traded up $0.09 during midday trading on Monday, hitting $26.15. 8,905,450 shares of the stock were exchanged, compared to its average volume of 10,551,341. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The stock's 50-day moving average price is $30.87 and its 200-day moving average price is $31.63.

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

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the transaction, the director now directly owns 6,274 shares in the company, valued at approximately $196,187.98. This trade represents a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,836 shares of company stock worth $14,828,392. 7.11% of the stock is owned by 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.