Clare Market Investments LLC Invests $252,000 in Pinterest, Inc. (NYSE:PINS)

Clare Market Investments LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,675 shares of the company's stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Point72 Asset Management L.P. bought a new position in Pinterest during the third quarter valued at $153,829,000. Southpoint Capital Advisors LP purchased a new position in shares of Pinterest during the 3rd quarter worth about $123,006,000. Ontario Teachers Pension Plan Board grew its holdings in Pinterest by 51.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock valued at $285,248,000 after purchasing an additional 2,996,750 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Pinterest in the 4th quarter worth about $61,261,000. Finally, Nordea Investment Management AB lifted its stake in Pinterest by 122.1% in the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock worth $111,515,000 after purchasing an additional 2,093,248 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insider Transactions at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the sale, the insider now owns 254,211 shares of the company's stock, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,879 shares of company stock valued at $3,653,577 in the last ninety days. 7.11% of the stock is currently owned by corporate insiders.

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Pinterest Trading Down 6.9 %

NYSE PINS traded down $2.28 on Thursday, hitting $31.00. 17,008,509 shares of the company's stock traded hands, compared to its average volume of 9,753,077. The firm's 50-day moving average price is $34.32 and its two-hundred day moving average price is $32.27. The firm has a market capitalization of $21.03 billion, a PE ratio of 11.52, a P/E/G ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last announced 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 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on PINS. Raymond James upped their target price on Pinterest from $34.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. TD Cowen initiated coverage on Pinterest in a research note on Tuesday, November 26th. They issued a "buy" rating and a $38.00 target price on the stock. KeyCorp boosted their target price on shares of Pinterest from $37.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Morgan Stanley raised their price target on shares of Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Royal Bank of Canada boosted their price objective on shares of Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Pinterest presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.47.

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.