172,285 Shares in Pinterest, Inc. (NYSE:PINS) Acquired by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new position in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 172,285 shares of the company’s stock, valued at approximately $4,996,000.

Several other large investors have also recently modified their holdings of PINS. Whipplewood Advisors LLC bought a new position in shares of Pinterest during the 4th quarter worth approximately $28,000. GAMMA Investing LLC grew its position 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 purchasing an additional 415 shares during the last quarter. Crewe Advisors LLC grew its position in 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 grew its position in 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 grew its position in 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 own 88.81% of the company’s stock.

Pinterest Stock Up 2.3 %

Shares of NYSE PINS opened at $37.02 on Friday. The firm has a 50-day simple moving average of $33.59 and a 200-day simple moving average of $32.11. The stock has a market capitalization of $25.10 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last issued its 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 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 EPS for the current year.

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 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 owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00. Following the completion of the sale, the director now directly owns 31,386 shares of the company’s stock, valued at $972,338.28. This represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,117 shares of company stock worth $253,056 over the last three months. Insiders own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PINS shares. TD Cowen started coverage on shares of Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 target price on the stock. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Wedbush upped their price objective on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group dropped their price objective on shares of Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Roth Capital set a $32.00 price objective on shares of Pinterest in a report on Monday, February 3rd. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Company 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.