Royal London Asset Management Ltd. Raises Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Royal London Asset Management Ltd. boosted its holdings in Pinterest, Inc. (NYSE:PINS - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 293,402 shares of the company's stock after purchasing an additional 14,942 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Pinterest were worth $8,509,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Whipplewood Advisors LLC purchased a new position in shares of Pinterest in the fourth quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after buying an additional 415 shares during the last quarter. Crewe Advisors LLC grew its position in shares of 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 acquiring an additional 550 shares in the last quarter. True Wealth Design LLC boosted its holdings in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company's stock worth $49,000 after purchasing an additional 1,487 shares during the period. Finally, V Square Quantitative Management LLC grew its position 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 buying an additional 590 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

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Pinterest Price Performance

Shares of Pinterest stock traded down $0.62 during trading on Thursday, hitting $32.29. 5,571,516 shares of the company were exchanged, compared to its average volume of 9,864,588. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The firm's fifty day moving average price is $34.60 and its 200 day moving average price is $32.35. The firm has a market capitalization of $21.90 billion, a P/E ratio of 12.00, 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 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 research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PINS shares. Rosenblatt Securities lifted their price objective on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Barclays lifted their price objective on shares of Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. KeyCorp reduced their target price on Pinterest from $46.00 to $41.00 and set an "overweight" rating for the company in a report on Tuesday, March 18th. Morgan Stanley upped their price objective on shares of Pinterest from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group lifted their target price on shares of Pinterest from $42.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Seven 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 data from MarketBeat.com, Pinterest has a consensus rating of "Moderate Buy" and an average target price of $43.33.

Insider Activity

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction dated Monday, February 24th. The stock was 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 in the company, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the transaction, the director now directly owns 29,086 shares in the company, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 237,417 shares of company stock valued at $7,803,946. 7.11% of the stock is owned by 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.