Compound Global Advisors LLC Buys New Holdings in Pinterest, Inc. (NYSE:PINS)

Compound Global Advisors LLC purchased a new position in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Savant Capital LLC grew its stake in Pinterest by 47.0% during the fourth quarter. Savant Capital LLC now owns 15,094 shares of the company’s stock valued at $438,000 after acquiring an additional 4,827 shares in the last quarter. Stephens Inc. AR grew its position in shares of Pinterest by 100.5% during the fourth quarter. Stephens Inc. AR now owns 56,534 shares of the company’s stock valued at $1,639,000 after purchasing an additional 28,334 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Pinterest in the fourth quarter worth about $375,000. Empowered Funds LLC increased its holdings in shares of Pinterest by 13.7% in the fourth quarter. Empowered Funds LLC now owns 10,420 shares of the company’s stock worth $302,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Generate Investment Management Ltd boosted its stake in Pinterest by 97.2% during the fourth quarter. Generate Investment Management Ltd now owns 406,016 shares of the company’s stock valued at $11,774,000 after buying an additional 200,135 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PINS. KeyCorp lifted their price objective on Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday. Roth Mkm decreased their price target on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. TD Cowen initiated coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective for the company. Wedbush upped their target price on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and increased their price target for the company from $34.00 to $47.00 in a report on Friday. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.86.

Pinterest Stock Down 0.9 %

PINS opened at $39.63 on Tuesday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The company has a market capitalization of $26.78 billion, a P/E ratio of 14.73, a PEG ratio of 1.72 and a beta of 1.06. The stock’s fifty day moving average is $31.43 and its two-hundred day moving average is $31.45.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share 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 9.20%. Equities analysts anticipate that Pinterest, Inc. will post 0.59 earnings per share for the current year.

Insider Activity

In other news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.73, for a total value of $34,189.50. Following the sale, the director now directly owns 32,536 shares in the company, valued at approximately $967,295.28. This trade represents a 3.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the sale, the insider now directly owns 246,921 shares of the company’s stock, valued at $7,610,105.22. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,157 shares of company stock worth $589,131. 7.11% of the stock is currently owned by corporate insiders.

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.