XTX Topco Ltd Acquires 14,503 Shares of Pinterest, Inc. (NYSE:PINS)

XTX Topco Ltd boosted its stake in Pinterest, Inc. (NYSE:PINS - Free Report) by 76.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,553 shares of the company's stock after buying an additional 14,503 shares during the quarter. XTX Topco Ltd's holdings in Pinterest were worth $973,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PINS. Whipplewood Advisors LLC acquired a new stake in Pinterest during the 4th quarter valued at $28,000. GAMMA Investing LLC grew 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 acquiring an additional 415 shares during the last quarter. V Square Quantitative Management LLC increased its position in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after acquiring an additional 590 shares in the last quarter. Huntington National Bank lifted its position in shares of Pinterest by 484.1% during the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after purchasing an additional 1,680 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of Pinterest by 17,692.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock valued at $67,000 after purchasing an additional 2,300 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Activity at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was 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 in the company, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 452,686 shares of company stock worth $14,797,342 in the last 90 days. Corporate insiders own 7.11% of the company's stock.

Analysts Set New Price Targets

PINS has been the subject of several research reports. Rosenblatt Securities lifted their target price on Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research note on Friday, February 7th. KeyCorp reduced their target price on shares of Pinterest from $41.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Morgan Stanley cut their price objective on shares of Pinterest from $42.00 to $28.00 and set an "equal weight" rating on the stock in a report on Thursday. Citigroup dropped their target price on shares of Pinterest from $47.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research note on Tuesday, April 1st. Eight 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, the company currently has an average rating of "Moderate Buy" and an average price target of $41.55.

Pinterest Price Performance

PINS stock traded down $1.19 during midday trading on Monday, reaching $24.07. 2,176,657 shares of the stock were exchanged, compared to its average volume of 10,473,704. The company has a fifty day moving average price of $32.25 and a 200 day moving average price of $31.91. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The stock has a market capitalization of $16.33 billion, a PE ratio of 8.95, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.33 EPS 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, analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.