128,726 Shares in Pinterest, Inc. (NYSE:PINS) Purchased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 128,726 shares of the company’s stock, valued at approximately $3,733,000.

Several other hedge funds have also made changes to their positions in PINS. Northern Right Capital Management L.P. grew its position in Pinterest by 83.6% in the fourth quarter. Northern Right Capital Management L.P. now owns 571,090 shares of the company’s stock worth $16,562,000 after acquiring an additional 260,000 shares during the period. Two Sigma Securities LLC grew its holdings in shares of Pinterest by 31.4% during the 4th quarter. Two Sigma Securities LLC now owns 13,536 shares of the company’s stock worth $393,000 after purchasing an additional 3,236 shares during the period. Nebula Research & Development LLC acquired a new stake in shares of Pinterest during the 4th quarter worth about $3,839,000. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Pinterest by 22.4% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 302,248 shares of the company’s stock valued at $8,798,000 after buying an additional 55,301 shares during the period. Finally, RiverPark Advisors LLC lifted its position in Pinterest by 20.3% in the fourth quarter. RiverPark Advisors LLC now owns 43,346 shares of the company’s stock valued at $1,257,000 after buying an additional 7,310 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares of the company’s stock, valued at $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total value 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 453,836 shares of company stock valued at $14,828,392. Company insiders own 7.11% of the company’s stock.

Pinterest Price Performance

Shares of NYSE:PINS opened at $26.15 on Tuesday. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19. The stock has a market cap of $17.74 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.95 and a beta of 0.99. The firm has a fifty day moving average price of $30.62 and a 200 day moving average price of $31.57.

Pinterest (NYSE:PINS) last released its quarterly 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 expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PINS. Barclays lifted their price target on shares of Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their target price on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Citigroup lowered their price target on Pinterest from $47.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company cut their price objective on Pinterest from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Finally, Monness Crespi & Hardt upgraded 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. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, Pinterest presently has an average rating of “Moderate Buy” and a consensus price target of $41.10.

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.