Xponance Inc. Has $3.35 Million Stake in Pinterest, Inc. (NYSE:PINS)

Xponance Inc. boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,498 shares of the company's stock after purchasing an additional 8,854 shares during the quarter. Xponance Inc.'s holdings in Pinterest were worth $3,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Pinterest by 45.6% during the 3rd quarter. Victory Capital Management Inc. now owns 414,285 shares of the company's stock worth $13,410,000 after purchasing an additional 129,676 shares during the period. CIBC Asset Management Inc increased its stake in Pinterest by 5.5% during the third quarter. CIBC Asset Management Inc now owns 21,257 shares of the company's stock valued at $688,000 after acquiring an additional 1,105 shares during the period. Empowered Funds LLC raised its holdings in Pinterest by 7.4% in the 3rd quarter. Empowered Funds LLC now owns 9,165 shares of the company's stock valued at $297,000 after acquiring an additional 635 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Pinterest by 31.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 546,305 shares of the company's stock worth $17,684,000 after acquiring an additional 131,176 shares during the period. Finally, Quest Partners LLC grew its holdings in shares of Pinterest by 1,109.4% during the 3rd quarter. Quest Partners LLC now owns 9,796 shares of the company's stock worth $317,000 after purchasing an additional 8,986 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

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Wall Street Analyst Weigh In

PINS has been the subject of several research reports. KeyCorp reduced their target price on Pinterest from $46.00 to $41.00 and set an "overweight" rating for the company in a research report on Tuesday, March 18th. Rosenblatt Securities lifted their target price 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. Wells Fargo & Company increased their price target on shares of Pinterest from $39.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. TD Cowen started coverage on Pinterest in a report on Tuesday, November 26th. They set a "buy" rating and a $38.00 price objective on the stock. Finally, Monness Crespi & Hardt raised Pinterest from a "neutral" rating to a "buy" rating and set a $40.00 target price for the company in a report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $43.33.

Insiders Place Their Bets

In other Pinterest news, CFO Donnelly Julia Brau sold 29,605 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the transaction, the chief financial officer now owns 166,408 shares in the company, valued at approximately $5,649,551.60. This trade represents a 15.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 completion of the sale, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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 Trading Up 1.9 %

Shares of PINS traded up $0.64 during trading hours on Tuesday, hitting $34.68. 14,485,337 shares of the stock traded hands, compared to its average volume of 9,907,940. The business has a fifty day moving average of $34.46 and a 200-day moving average of $32.31. The firm has a market capitalization of $23.52 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

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 the consensus estimate 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 expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.