Nebula Research & Development LLC acquired a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 132,396 shares of the company's stock, valued at approximately $3,839,000. Pinterest makes up about 0.5% of Nebula Research & Development LLC's investment portfolio, making the stock its 8th largest position.
Several other large investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in Pinterest during the 3rd quarter worth approximately $87,000. GAMMA Investing LLC boosted its holdings in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after purchasing an additional 415 shares in the last quarter. Everence Capital Management Inc. bought a new stake in Pinterest in the fourth quarter worth $520,000. Nordea Investment Management AB boosted its holdings 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 in the last quarter. Finally, Graypoint LLC bought a new stake in Pinterest during the fourth quarter valued at about $317,000. Institutional investors own 88.81% of the company's stock.
Insiders Place Their Bets
In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction dated Monday, February 24th. The stock was 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 directly owns 144,129 shares in the company, valued at $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the completion of the sale, the director now owns 6,274 shares of the company's stock, valued at $195,497.84. This trade represents a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock worth $14,828,392 over the last ninety days. 7.11% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research firms have issued reports on PINS. Sanford C. Bernstein upgraded shares of Pinterest from a "market perform" rating to an "outperform" rating and upped their price target for the company from $34.00 to $47.00 in a report on Friday, February 7th. Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price target for the company in a report on Friday, February 7th. Morgan Stanley decreased their price target on shares of Pinterest from $42.00 to $28.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Finally, Oppenheimer increased their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.10.
Check Out Our Latest Stock Analysis on Pinterest
Pinterest Stock Performance
NYSE:PINS traded up $0.09 during mid-day trading on Monday, hitting $26.15. The company had a trading volume of 8,905,450 shares, compared to its average volume of 10,551,341. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The business's fifty day moving average is $30.87 and its two-hundred day moving average is $31.63. The firm has a market cap of $17.74 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.95 and a beta of 0.99.
Pinterest (NYSE:PINS - Get Free Report) last released its 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%. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.
About Pinterest
(
Free Report)
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.
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