Vestor Capital LLC Invests $2.75 Million in Pinterest, Inc. (NYSE:PINS)

Vestor Capital LLC bought a new stake in Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 94,730 shares of the company's stock, valued at approximately $2,747,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Pinterest by 7.4% during the third quarter. Empowered Funds LLC now owns 9,165 shares of the company's stock worth $297,000 after acquiring an additional 635 shares during the period. Quest Partners LLC boosted its stake in shares of Pinterest by 1,109.4% in the third quarter. Quest Partners LLC now owns 9,796 shares of the company's stock valued at $317,000 after buying an additional 8,986 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Pinterest in the 3rd quarter valued at $458,000. Commerce Bank grew its holdings in shares of Pinterest by 3.3% during the 3rd quarter. Commerce Bank now owns 11,868 shares of the company's stock worth $384,000 after purchasing an additional 378 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Pinterest by 1.7% during the third quarter. Jennison Associates LLC now owns 1,615,844 shares of the company's stock worth $52,305,000 after purchasing an additional 27,331 shares during the period. Institutional investors own 88.81% of the company's stock.

Pinterest Stock Down 4.8 %

Pinterest stock traded down $1.68 during trading on Wednesday, hitting $32.96. The stock had a trading volume of 7,757,534 shares, compared to its average volume of 9,880,413. The stock's 50 day moving average is $34.56 and its two-hundred day moving average is $32.35. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

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Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Ratings Changes

PINS has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a "hold" rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Wedbush boosted their price target on Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Piper Sandler reaffirmed a "neutral" rating and issued a $41.00 price objective (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 price target on the stock in a research note on Friday, January 10th. Finally, Cantor Fitzgerald raised their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.33.

Insider Buying and Selling

In related news, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred 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 approximately $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 237,417 shares of company stock valued at $7,803,946. Company insiders own 7.11% of the company's stock.

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.