Pinterest, Inc. (NYSE:PINS) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 134.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,701,783 shares of the company's stock after purchasing an additional 6,129,985 shares during the quarter. Marshall Wace LLP owned about 1.58% of Pinterest worth $310,352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Pinterest in the fourth quarter valued at approximately $358,205,000. Schroder Investment Management Group raised its position in shares of Pinterest by 357.5% in the fourth quarter. Schroder Investment Management Group now owns 2,719,355 shares of the company's stock worth $79,269,000 after acquiring an additional 2,125,010 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Pinterest during the 4th quarter worth about $61,261,000. Nordea Investment Management AB boosted its stake in shares of Pinterest by 122.1% during the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company's stock worth $111,515,000 after acquiring an additional 2,093,248 shares in the last quarter. Finally, Bridgewater Associates LP grew its position in shares of Pinterest by 124.1% during the 4th quarter. Bridgewater Associates LP now owns 3,544,403 shares of the company's stock valued at $102,788,000 after acquiring an additional 1,962,751 shares during the period. Institutional investors own 88.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PINS shares. JPMorgan Chase & Co. cut their price target on shares of Pinterest from $42.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. UBS Group cut their target price on shares of Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and raised their price target for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Roth Capital set a $32.00 price objective on Pinterest in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their target price on Pinterest from $42.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Pinterest presently has an average rating of "Moderate Buy" and a consensus target price of $41.55.

Insider Transactions at Pinterest

In other Pinterest news, 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 transaction, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 452,686 shares of company stock valued at $14,797,342. Corporate insiders own 7.11% of the company's stock.

Pinterest Stock Performance

Shares of NYSE PINS traded down $1.29 during trading on Monday, reaching $23.97. The stock had a trading volume of 3,706,825 shares, compared to its average volume of 10,479,489. The business's 50-day moving average price is $32.25 and its 200-day moving average price is $31.91. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The company has a market cap of $16.26 billion, a P/E ratio of 8.91, a PEG ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share 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%. Analysts forecast 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.