Pinterest, Inc. (NYSE:PINS) Shares Purchased by Bridgewater Associates LP

Bridgewater Associates LP lifted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 124.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,544,403 shares of the company's stock after acquiring an additional 1,962,751 shares during the quarter. Bridgewater Associates LP owned 0.52% of Pinterest worth $102,788,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Leibman Financial Services Inc. grew its position in Pinterest by 102.2% during the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock worth $1,862,000 after purchasing an additional 32,464 shares during the period. Janney Capital Management LLC acquired a new stake in Pinterest during the fourth quarter worth about $4,289,000. Jones Financial Companies Lllp raised its position in Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after acquiring an additional 11,925 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Pinterest in the fourth quarter valued at approximately $520,000. Finally, Swedbank AB boosted its position in Pinterest by 2,108.7% in the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company's stock worth $38,137,000 after purchasing an additional 1,255,513 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on PINS. Wedbush reaffirmed an "outperform" rating on shares of Pinterest in a report on Tuesday. Wells Fargo & Company lowered their target price on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Stifel Nicolaus restated a "buy" rating and issued a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Jefferies Financial Group reiterated a "hold" rating and set a $32.00 price target (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Finally, Royal Bank of Canada raised their price objective on Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Eight equities 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.55.

Insider Transactions at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $32.24, for a total value of $395,036.72. Following the completion of the sale, the insider now owns 228,510 shares of the company's stock, valued at $7,367,162.40. This represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the transaction, the director now owns 6,274 shares in the company, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 452,686 shares of company stock worth $14,797,342 in the last ninety days. Insiders own 7.11% of the company's stock.

Pinterest Stock Performance

Pinterest stock traded down $0.29 during trading on Friday, hitting $25.17. The company's stock had a trading volume of 8,877,896 shares, compared to its average volume of 10,505,129. The stock's fifty day moving average is $32.25 and its 200 day moving average is $31.91. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 9.36, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last released its earnings results 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%. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.