Pinterest, Inc. (NYSE:PINS) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,972 shares of the company's stock after purchasing an additional 20,966 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Pinterest were worth $6,709,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PINS. GAMMA Investing LLC increased its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after purchasing an additional 415 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Pinterest during the third quarter valued at $37,000. Crewe Advisors LLC raised its holdings in shares of Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock valued at $37,000 after acquiring an additional 550 shares in the last quarter. True Wealth Design LLC lifted its stake in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after acquiring an additional 1,487 shares during the period. Finally, Rakuten Securities Inc. lifted its stake in Pinterest by 44.2% in the third quarter. Rakuten Securities Inc. now owns 2,294 shares of the company's stock worth $74,000 after acquiring an additional 703 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Stock Performance

Shares of Pinterest stock traded up $0.97 during trading on Thursday, hitting $39.66. 11,980,771 shares of the company's stock were exchanged, compared to its average volume of 12,332,755. The stock has a market capitalization of $26.90 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.93 and a beta of 1.06. The business has a 50-day simple moving average of $32.78 and a 200-day simple moving average of $31.78. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on PINS. 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. Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $32.00 target price (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Rosenblatt Securities boosted their price target on Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Morgan Stanley upped their price objective on Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.86.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 29,086 shares of the company's stock, 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. Over the last ninety days, insiders sold 19,157 shares of company stock valued at $600,010. 7.11% of the stock is owned by company insiders.

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.