Massachusetts Financial Services Co. MA Acquires 67,128 Shares of Pinterest, Inc. (NYSE:PINS)

Massachusetts Financial Services Co. MA boosted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 911,315 shares of the company's stock after purchasing an additional 67,128 shares during the period. Massachusetts Financial Services Co. MA owned about 0.13% of Pinterest worth $26,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Leibman Financial Services Inc. boosted its holdings in shares of Pinterest by 102.2% in the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock valued at $1,862,000 after buying an additional 32,464 shares during the last quarter. Janney Capital Management LLC bought a new stake in Pinterest during the fourth quarter worth $4,289,000. Jones Financial Companies Lllp lifted its stake in Pinterest by 91.3% in 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 during the last quarter. Weiss Asset Management LP bought a new position in shares of Pinterest in the 3rd quarter valued at about $1,296,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Pinterest during the 4th quarter worth about $520,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total transaction of $3,192,135.41. Following the sale, the director now owns 6,274 shares in the company, valued at $196,187.98. The trade was a 94.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, February 19th. The shares were 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 owns 29,086 shares of the company's stock, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 453,836 shares of company stock valued at $14,832,336. 7.11% of the stock is currently owned by insiders.

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Pinterest Trading Up 0.4 %

NYSE PINS traded up $0.12 on Friday, hitting $26.35. 9,048,658 shares of the company's stock were exchanged, compared to its average volume of 10,421,439. The stock has a 50-day moving average of $33.42 and a 200-day moving average of $32.16. The stock has a market cap of $17.87 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19.

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 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%. As a group, analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on PINS. UBS Group lowered their price target on Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a research report on Friday. Piper Sandler reduced their target price on Pinterest from $41.00 to $34.00 and set a "neutral" rating for the company in a research note on Thursday. Cantor Fitzgerald increased their price target on Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Finally, Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $42.23.

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.