Pinterest, Inc. (NYSE:PINS) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP boosted its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 222.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 789,638 shares of the company's stock after purchasing an additional 545,066 shares during the period. Trexquant Investment LP owned approximately 0.12% of Pinterest worth $22,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Pinterest by 1.2% during the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company's stock worth $413,483,000 after buying an additional 156,748 shares during the last quarter. Norges Bank acquired a new stake in Pinterest during the fourth quarter worth $358,205,000. Geode Capital Management LLC raised its position in Pinterest by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,648,352 shares of the company's stock valued at $279,281,000 after purchasing an additional 181,767 shares during the period. Ninety One UK Ltd lifted its stake in shares of Pinterest by 5.4% in the 4th quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company's stock valued at $158,677,000 after purchasing an additional 278,362 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Pinterest during the 3rd quarter worth $153,829,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PINS. Jefferies Financial Group restated a "hold" rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Barclays boosted their price target on shares of Pinterest from $36.00 to $42.00 and gave the company an "equal weight" rating in a research note on Friday, February 7th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Tuesday. KeyCorp decreased their price target on Pinterest from $46.00 to $41.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 18th. Finally, Rosenblatt Securities lifted their price objective on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.17.

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Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the transaction, the director now directly owns 6,274 shares of the company's stock, valued at approximately $195,497.84. This trade represents a 94.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction 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 $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,836 shares of company stock valued at $14,832,336. 7.11% of the stock is currently owned by insiders.

Pinterest Stock Down 6.3 %

PINS traded down $1.73 on Friday, reaching $25.78. The company's stock had a trading volume of 22,729,308 shares, compared to its average volume of 10,226,720. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a fifty-two week low of $24.91 and a fifty-two week high of $45.19. The stock has a 50 day moving average of $34.40 and a two-hundred day moving average of $32.38.

Pinterest (NYSE:PINS - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.33 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%. As a group, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.