Fox Run Management L.L.C. Purchases 7,711 Shares of Pinterest, Inc. (NYSE:PINS)

Fox Run Management L.L.C. grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 21.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,937 shares of the company's stock after purchasing an additional 7,711 shares during the period. Fox Run Management L.L.C.'s holdings in Pinterest were worth $1,245,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC grew its position in shares of Pinterest by 7.4% in the 3rd quarter. Empowered Funds LLC now owns 9,165 shares of the company's stock valued at $297,000 after acquiring an additional 635 shares during the period. Quest Partners LLC raised its holdings in Pinterest by 1,109.4% in the 3rd quarter. Quest Partners LLC now owns 9,796 shares of the company's stock valued at $317,000 after acquiring an additional 8,986 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Pinterest during the third quarter worth about $458,000. Commerce Bank increased its stake in Pinterest by 3.3% in the third quarter. Commerce Bank now owns 11,868 shares of the company's stock valued at $384,000 after acquiring an additional 378 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Pinterest by 1.7% in the third quarter. Jennison Associates LLC now owns 1,615,844 shares of the company's stock valued at $52,305,000 after acquiring an additional 27,331 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PINS shares. Barclays lifted their price target on shares of Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a report on Friday, February 7th. The Goldman Sachs Group upped their price objective on shares of Pinterest from $42.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Morgan Stanley lifted their target price on Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Wells Fargo & Company increased their price target on Pinterest from $39.00 to $47.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, TD Cowen assumed coverage on Pinterest in a research note on Tuesday, November 26th. They issued a "buy" rating and a $38.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to data from MarketBeat, Pinterest has a consensus rating of "Moderate Buy" and a consensus price target of $43.33.

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Pinterest Price Performance

NYSE PINS traded up $0.40 during trading hours on Tuesday, reaching $34.44. 5,810,199 shares of the company's stock traded hands, compared to its average volume of 9,907,940. The firm has a 50-day simple moving average of $34.46 and a 200 day simple moving average of $32.31. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The firm has a market cap of $23.36 billion, a PE ratio of 12.84, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 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%. Sell-side analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the sale, the director now directly owns 6,274 shares of the company's stock, valued at $195,497.84. This represents a 94.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the transaction, the director now directly owns 30,236 shares of the company's stock, valued at $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 237,417 shares of company stock worth $7,803,946 in the last three months. Corporate insiders own 7.11% of the company's stock.

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.