Inflection Point Investments LLP Has $8.46 Million Position in Pinterest, Inc. (NYSE:PINS)

Inflection Point Investments LLP grew its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,658 shares of the company's stock after purchasing an additional 50,963 shares during the quarter. Pinterest comprises about 11.5% of Inflection Point Investments LLP's portfolio, making the stock its 5th biggest position. Inflection Point Investments LLP's holdings in Pinterest were worth $8,458,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of PINS. Whipplewood Advisors LLC acquired a new stake in Pinterest in the 4th quarter valued at $28,000. GAMMA Investing LLC increased its position in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after acquiring an additional 590 shares during the last quarter. Huntington National Bank boosted its stake in Pinterest by 484.1% during the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after purchasing an additional 1,680 shares during 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 in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Piper Sandler cut their price objective on shares of Pinterest from $41.00 to $34.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Rosenblatt Securities raised their target price on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Citigroup cut their price target on shares of Pinterest from $47.00 to $38.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Stifel Nicolaus restated a "buy" rating and set a $50.00 price objective (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Finally, Sanford C. Bernstein raised shares of Pinterest from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $41.55.

Pinterest Price Performance

NYSE:PINS traded down $0.29 during mid-day trading on Friday, hitting $25.17. 8,877,896 shares of the company's stock were exchanged, compared to its average volume of 10,496,539. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The company has a market cap of $17.07 billion, a PE ratio of 9.36, a P/E/G ratio of 1.95 and a beta of 0.99. The business has a fifty day moving average price of $32.25 and a 200 day moving average price of $31.92.

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

Insider Transactions at Pinterest

In other news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of the sale, the insider now directly owns 254,211 shares in the company, valued at $8,350,831.35. This represents a 2.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total value of $3,192,135.41. Following the completion of the transaction, the director now directly owns 6,274 shares in the company, valued at approximately $196,187.98. This represents a 94.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 452,686 shares of company stock worth $14,797,342 in the last ninety days. Insiders own 7.11% of the company's stock.

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.