HighTower Advisors LLC Has $1.67 Million Position in Pinterest, Inc. (NYSE:PINS)

HighTower Advisors LLC decreased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 11.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,430 shares of the company's stock after selling 7,373 shares during the period. HighTower Advisors LLC's holdings in Pinterest were worth $1,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC acquired a new position in shares of Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC increased its stake in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares during the period. Crewe Advisors LLC lifted its position in Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock worth $37,000 after buying an additional 550 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock valued at $49,000 after buying an additional 1,487 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares in the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Pinterest Price Performance

Shares of PINS traded down $0.76 during mid-day trading on Friday, reaching $31.49. The company had a trading volume of 8,565,145 shares, compared to its average volume of 10,042,331. The company's 50-day moving average is $34.64 and its 200-day moving average is $32.35. The company has a market capitalization of $21.35 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19.

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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 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, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

PINS has been the subject of a number of research reports. Raymond James lifted their price objective on Pinterest from $34.00 to $42.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. The Goldman Sachs Group upped their price target on Pinterest from $42.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Oppenheimer upped their target price on Pinterest from $40.00 to $50.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Morgan Stanley boosted their price objective on shares of Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $32.00 target price (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to MarketBeat, Pinterest presently has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the transaction, the director now directly owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,753 shares of company stock valued at $11,640,201 in the last three months. 7.11% of the stock is owned by corporate insiders.

Pinterest Company 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.