Manchester Capital Management LLC Purchases 2,300 Shares of Pinterest, Inc. (NYSE:PINS)

Manchester Capital Management LLC lifted its position in shares of Pinterest, Inc. (NYSE:PINS) by 17,692.3% during the fourth quarter, HoldingsChannel reports. The firm owned 2,313 shares of the company’s stock after buying an additional 2,300 shares during the quarter. Manchester Capital Management LLC’s holdings in Pinterest were worth $67,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PINS. GAMMA Investing LLC boosted its position 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 in the last quarter. V Square Quantitative Management LLC bought a new stake in Pinterest in the 3rd quarter valued at $37,000. Crewe Advisors LLC lifted its position in Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after acquiring an additional 550 shares in the last quarter. True Wealth Design LLC lifted its position in Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after acquiring an additional 1,487 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its position in Pinterest by 44.2% in the 3rd quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock valued at $74,000 after acquiring an additional 703 shares in the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,862 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the sale, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock valued at $589,131 in the last quarter. Company insiders own 7.11% of the company’s stock.

Pinterest Stock Performance

Shares of PINS opened at $38.96 on Friday. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The firm has a market cap of $26.33 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06. The firm’s 50-day simple moving average is $32.19 and its 200 day simple moving average is $31.55.

Pinterest (NYSE:PINS) last announced its quarterly 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 9.20%. As a group, equities analysts forecast that Pinterest, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PINS shares. Sanford C. Bernstein raised shares of Pinterest from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $47.00 in a research report on Friday, February 7th. TD Cowen started coverage on shares of Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective on the stock. Robert W. Baird cut their price objective on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Rosenblatt Securities lifted their price target on shares of Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, Raymond James lifted their price target on shares of Pinterest from $34.00 to $42.00 and gave the company an “outperform” 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.86.

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.