Oxford Asset Management LLP Invests $1.34 Million in Pinterest, Inc. (NYSE:PINS)

Oxford Asset Management LLP bought a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,347 shares of the company's stock, valued at approximately $1,344,000. Pinterest accounts for about 0.7% of Oxford Asset Management LLP's holdings, making the stock its 20th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter worth $28,000. GAMMA Investing LLC raised its stake in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its position in shares of Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after acquiring an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after purchasing an additional 590 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after purchasing an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Roth Capital set a $32.00 price objective on shares of Pinterest in a research report on Monday, February 3rd. UBS Group decreased their price objective 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. JPMorgan Chase & Co. cut their target price on Pinterest from $42.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group reissued a "hold" rating and issued a $32.00 target price (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Finally, Oppenheimer lifted their price target on Pinterest from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, Pinterest presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.10.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total value of $31,050.00. Following the completion of the transaction, the director now directly owns 26,786 shares in the company, valued at approximately $723,222. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's 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 directly owns 6,274 shares in the company, valued at approximately $195,497.84. The trade was a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 453,836 shares of company stock valued at $14,828,392 over the last three months. 7.11% of the stock is currently owned by insiders.

Pinterest Stock Up 1.2 %

Shares of PINS stock opened at $26.05 on Friday. The stock has a market cap of $17.67 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The business has a fifty day simple moving average of $30.87 and a 200-day simple moving average of $31.66.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

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.

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