Ieq Capital LLC Has $16.15 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Ieq Capital LLC raised its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 75.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 556,899 shares of the company's stock after buying an additional 238,766 shares during the quarter. Ieq Capital LLC owned about 0.08% of Pinterest worth $16,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Pinterest by 244.6% during the third quarter. Blue Trust Inc. now owns 7,830 shares of the company's stock valued at $253,000 after purchasing an additional 5,558 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Pinterest by 4,316.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 726,279 shares of the company's stock valued at $23,510,000 after buying an additional 709,834 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Pinterest by 5.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company's stock valued at $205,000 after buying an additional 313 shares in the last quarter. International Assets Investment Management LLC raised its stake in Pinterest by 3,154.6% during the 3rd quarter. International Assets Investment Management LLC now owns 29,845 shares of the company's stock worth $922,000 after buying an additional 28,928 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Pinterest by 115.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 14,371 shares of the company's stock worth $465,000 after acquiring an additional 7,700 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PINS has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a "buy" rating and set a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Benchmark raised shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research note on Friday, February 7th. Wells Fargo & Company increased their price objective on shares of Pinterest from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Jefferies Financial Group restated a "hold" rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Finally, Monness Crespi & Hardt raised shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $43.86.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total value 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. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the transaction, the insider now directly owns 246,921 shares in the company, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,157 shares of company stock worth $600,010 over the last quarter. Company insiders own 7.11% of the company's stock.

Pinterest Price Performance

Pinterest stock traded up $0.97 during mid-day trading on Thursday, hitting $39.66. 11,980,771 shares of the company's stock traded hands, compared to its average volume of 12,332,755. The firm has a 50 day simple moving average of $32.78 and a two-hundred day simple moving average of $31.78. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.93 and a beta of 1.06.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.33 EPS 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%. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

About Pinterest

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.