Poinciana Advisors Group LLC Purchases Shares of 9,205 Pinterest, Inc. (NYSE:PINS)

Poinciana Advisors Group LLC purchased a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,205 shares of the company's stock, valued at approximately $267,000.

A number of other hedge funds also recently bought and sold shares of the business. Maverick Capital Ltd. raised its holdings in shares of Pinterest by 47.6% in the 3rd quarter. Maverick Capital Ltd. now owns 57,180 shares of the company's stock valued at $1,851,000 after purchasing an additional 18,430 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Pinterest by 8.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company's stock valued at $49,855,000 after acquiring an additional 119,367 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Pinterest by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company's stock valued at $27,326,000 after acquiring an additional 32,539 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Pinterest by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company's stock worth $137,669,000 after buying an additional 87,041 shares in the last quarter. Finally, Leibman Financial Services Inc. boosted its holdings in Pinterest by 102.2% during the fourth quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company's stock worth $1,862,000 after buying an additional 32,464 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

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Insider Buying and Selling

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction that occurred 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 transaction, the insider now directly owns 254,211 shares of the company's stock, valued at $8,350,831.35. The trade was a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Andrea Acosta sold 3,941 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.75, for a total value of $140,890.75. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,152,611.75. This trade represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,729 shares of company stock valued at $3,617,950 over the last ninety days. 7.11% of the stock is owned by company insiders.

Pinterest Stock Up 1.0 %

Shares of PINS stock traded up $0.32 during mid-day trading on Wednesday, reaching $31.62. 13,960,021 shares of the stock traded hands, compared to its average volume of 9,839,427. The stock's fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $32.28. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The company has a market cap of $21.45 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 8.10% and a net margin of 51.07%. On average, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PINS. Wedbush lifted their target price on shares of Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 target price for the company in a research note on Friday, January 10th. The Goldman Sachs Group upped their target price on shares of Pinterest from $42.00 to $47.00 and gave the company a "buy" rating 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 target on the stock in a report on Friday, February 7th. Finally, Cantor Fitzgerald increased their target price on shares of Pinterest from $36.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $43.30.

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.