Mitsubishi UFJ Trust & Banking Corp Grows Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 646,717 shares of the company's stock after buying an additional 58,205 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of Pinterest worth $18,755,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in shares of Pinterest by 63.4% in the third quarter. Cerity Partners LLC now owns 52,357 shares of the company's stock valued at $1,695,000 after purchasing an additional 20,310 shares during the period. Algert Global LLC grew its position in Pinterest by 53.4% in the 3rd quarter. Algert Global LLC now owns 16,099 shares of the company's stock valued at $521,000 after buying an additional 5,604 shares during the last quarter. Swedbank AB increased its stake in Pinterest by 21.9% in the 3rd quarter. Swedbank AB now owns 59,539 shares of the company's stock valued at $1,927,000 after buying an additional 10,703 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Pinterest by 19.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 28,225 shares of the company's stock worth $913,000 after buying an additional 4,656 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Pinterest in the 3rd quarter worth $11,109,000. Institutional investors and hedge funds own 88.81% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald boosted their price target on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Jefferies Financial Group reiterated 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. Benchmark raised 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. Wells Fargo & Company decreased their price target on Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Oppenheimer boosted their target price on shares of Pinterest from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and an average target price of $43.17.

Insider Buying and Selling

In related news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the business's 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 sale, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 351,753 shares of company stock worth $11,640,201. 7.11% of the stock is owned by company insiders.

Pinterest Stock Up 0.1 %

Shares of PINS traded up $0.02 on Tuesday, hitting $31.02. 8,469,296 shares of the stock traded hands, compared to its average volume of 10,070,139. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock's 50 day moving average is $34.65 and its two-hundred day moving average is $32.44. The firm has a market capitalization of $21.04 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS - Get Free Report) last issued its quarterly 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%. Research analysts forecast that Pinterest, Inc. will post 0.6 EPS 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.