RWA Wealth Partners LLC Increases Holdings in Pinterest, Inc. (NYSE:PINS)

RWA Wealth Partners LLC grew its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 3,349.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,385 shares of the company's stock after buying an additional 251,865 shares during the quarter. RWA Wealth Partners LLC's holdings in Pinterest were worth $7,522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Pinterest during the 4th quarter worth approximately $28,000. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 415 shares in the last quarter. True Wealth Design LLC raised its stake in shares of Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock valued at $49,000 after acquiring an additional 1,487 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Pinterest by 51.5% during the 4th 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 in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in Pinterest by 17,692.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock worth $67,000 after purchasing an additional 2,300 shares during the period. Hedge funds and other institutional investors own 88.81% of the company's stock.

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Pinterest Stock Down 6.3 %

PINS stock traded down $1.73 during trading on Friday, hitting $25.78. The company had a trading volume of 22,729,308 shares, compared to its average volume of 10,226,754. The firm has a 50-day moving average price of $34.40 and a 200-day moving average price of $32.38. The firm has a market cap of $17.49 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a 1-year low of $24.92 and a 1-year high of $45.19.

Pinterest (NYSE:PINS - Get Free Report) last released 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 net margin of 51.07% and a return on equity of 8.10%. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the transaction, the director now owns 30,236 shares of the company's stock, valued at $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction on Monday, February 24th. The shares were 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 of the company's stock, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 453,836 shares of company stock valued at $14,832,336. 7.11% of the stock is owned by company insiders.

Analyst Ratings Changes

PINS has been the subject of several recent research reports. Barclays lifted their price objective on Pinterest from $36.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Stifel Nicolaus reiterated a "buy" rating and issued a $50.00 price target (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Benchmark raised shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price objective on the stock in a research report on Friday, February 7th. Piper Sandler restated a "neutral" rating and issued a $41.00 price objective (up from $36.00) on shares of Pinterest in a report on Friday, February 7th. Finally, Rosenblatt Securities boosted their target price on shares of Pinterest from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.17.

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.