TimesSquare Capital Management LLC Buys 124,855 Shares of Pinterest, Inc. (NYSE:PINS)

TimesSquare Capital Management LLC lifted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,088,500 shares of the company's stock after purchasing an additional 124,855 shares during the period. TimesSquare Capital Management LLC owned 0.31% of Pinterest worth $60,566,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp grew its holdings in shares of Pinterest by 1.2% in the 3rd quarter. State Street Corp now owns 12,773,652 shares of the company's stock valued at $413,483,000 after buying an additional 156,748 shares during the period. Geode Capital Management LLC lifted its holdings in Pinterest by 0.8% during the third quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company's stock worth $305,710,000 after acquiring an additional 76,920 shares in the last quarter. Ontario Teachers Pension Plan Board grew its stake in Pinterest by 51.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company's stock valued at $285,248,000 after acquiring an additional 2,996,750 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Pinterest by 8.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,944,489 shares of the company's stock worth $192,423,000 after acquiring an additional 460,708 shares in the last quarter. Finally, Ninety One UK Ltd raised its position in shares of Pinterest by 5.4% during the fourth quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company's stock worth $158,677,000 after purchasing an additional 278,362 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

NYSE PINS traded down $0.49 on Friday, reaching $39.07. The stock had a trading volume of 591,782 shares, compared to its average volume of 11,985,348. 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 $26.50 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. The firm has a fifty day moving average of $32.78 and a two-hundred day moving average of $31.78.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly 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 return on equity of 8.10% and a net margin of 51.07%. Research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the transaction, the director now owns 30,236 shares in the company, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Andrea Acosta sold 3,845 shares of the company's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the sale, the chief accounting officer now directly owns 158,468 shares of the company's stock, valued at $4,893,491.84. This represents a 2.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,157 shares of company stock valued at $600,010. 7.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PINS shares. Barclays increased their target price on Pinterest from $36.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Friday, February 7th. Roth Mkm lowered their price objective on shares of Pinterest from $39.00 to $33.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on shares of Pinterest from $48.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Pinterest from $39.00 to $47.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, UBS Group dropped their price target on Pinterest from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.86.

Pinterest 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.