Vinva Investment Management Ltd Purchases 311,566 Shares of Pinterest, Inc. (NYSE:PINS)

Vinva Investment Management Ltd boosted its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 888.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 346,629 shares of the company's stock after buying an additional 311,566 shares during the quarter. Vinva Investment Management Ltd owned approximately 0.05% of Pinterest worth $10,186,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Pinterest during the 4th quarter worth approximately $28,000. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 415 shares during the last quarter. Crewe Advisors LLC increased its position in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company's stock worth $37,000 after purchasing an additional 550 shares during the last quarter. True Wealth Design LLC increased its position in shares of Pinterest by 8,261.1% during the 3rd 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 last quarter. Finally, V Square Quantitative Management LLC increased 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 worth $50,000 after purchasing an additional 590 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

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Insider Activity

In related news, CAO Andrea Acosta sold 3,667 shares of the company's 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 sale, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the sale, the director now owns 29,086 shares in the company, valued at approximately $1,139,880.34. The trade was a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 207,812 shares of company stock valued at $6,798,857. Company insiders own 7.11% of the company's stock.

Pinterest Trading Up 3.3 %

PINS traded up $1.03 on Friday, reaching $32.45. The stock had a trading volume of 15,160,111 shares, compared to its average volume of 9,902,161. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The firm has a 50-day moving average of $34.39 and a 200-day moving average of $32.28. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS - Get Free Report) last issued its earnings results 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 return on equity of 8.10% and a net margin of 51.07%. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wedbush lifted their target price on Pinterest from $38.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Benchmark upgraded Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price for the company in a research note on Friday, February 7th. Roth Capital set a $32.00 target price on Pinterest in a research note on Monday, February 3rd. TD Cowen assumed coverage on Pinterest in a research note on Tuesday, November 26th. They set a "buy" rating and a $38.00 target price for the company. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $50.00 target price (up from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $43.30.

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.