EntryPoint Capital LLC Acquires Shares of 15,657 Pinterest, Inc. (NYSE:PINS)

EntryPoint Capital LLC bought a new position in Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 15,657 shares of the company’s stock, valued at approximately $454,000.

A number of other institutional investors have also modified their holdings of the stock. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in shares of Pinterest by 63.5% during the fourth 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 period. True Wealth Design LLC lifted its position in shares of Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after buying an additional 1,487 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of 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 buying an additional 590 shares during the period. Finally, Manchester Capital Management LLC grew its position in shares of Pinterest by 17,692.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock valued at $67,000 after buying an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PINS. Raymond James raised their target price on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Benchmark upgraded shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research report on Friday, February 7th. Rosenblatt Securities lifted their price objective on shares of Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, February 7th. TD Cowen initiated coverage on shares of Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 target price for the company. Finally, Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and raised their price target for the company from $34.00 to $47.00 in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.33.

Insider Activity

In related news, CFO Donnelly Julia Brau sold 29,605 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $33.95, for a total value of $1,005,089.75. Following the completion of the sale, the chief financial officer now directly owns 166,408 shares of the company’s stock, valued at approximately $5,649,551.60. This represents a 15.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the transaction, the insider now directly owns 254,211 shares in the company, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 237,417 shares of company stock worth $7,803,946 over the last quarter. Corporate insiders own 7.11% of the company’s stock.

Pinterest Trading Up 1.9 %

Shares of PINS opened at $34.68 on Wednesday. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19. The stock has a market capitalization of $23.52 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.95 and a beta of 1.02. The business’s 50-day moving average price is $34.56 and its 200 day moving average price is $32.35.

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 net margin of 51.07% and a return on equity of 8.10%. On average, research analysts predict 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.