Metis Global Partners LLC Increases Position in Pinterest, Inc. (NYSE:PINS)

Metis Global Partners LLC increased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,315 shares of the company’s stock after buying an additional 721 shares during the period. Metis Global Partners LLC’s holdings in Pinterest were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Maverick Capital Ltd. grew its holdings in Pinterest by 47.6% during the 3rd quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock valued at $1,851,000 after buying an additional 18,430 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Pinterest by 8.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock worth $49,855,000 after buying an additional 119,367 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Pinterest by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 844,187 shares of the company’s stock worth $27,326,000 after buying an additional 32,539 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Pinterest by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,252,996 shares of the company’s stock worth $137,669,000 after acquiring an additional 87,041 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its position in Pinterest by 20.3% during the third quarter. Kornitzer Capital Management Inc. KS now owns 404,296 shares of the company’s stock worth $13,087,000 after purchasing an additional 68,096 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PINS shares. UBS Group dropped their price objective on Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Wells Fargo & Company boosted their target price on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Roth Mkm dropped their target price on shares of Pinterest from $39.00 to $33.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Barclays boosted their price objective on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average target price of $43.47.

Insider Buying and Selling at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at $5,399,072.34. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction 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 $1,139,880.34. The trade was a 3.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,117 shares of company stock worth $253,056. 7.11% of the stock is owned by insiders.

Pinterest Stock Up 2.9 %

Shares of Pinterest stock opened at $36.22 on Thursday. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The firm has a market cap of $24.56 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.95 and a beta of 1.02. The business has a 50-day moving average price of $33.94 and a 200 day moving average price of $32.24.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share 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 anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current 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.