Generali Investments Towarzystwo Funduszy Inwestycyjnych Takes $78,000 Position in Pinterest, Inc. (NYSE:PINS)

Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired 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 acquired 2,700 shares of the company’s stock, valued at approximately $78,000.

Several other institutional investors also recently modified their holdings of PINS. Point72 Asset Management L.P. purchased a new position in Pinterest during the third quarter valued at approximately $153,829,000. Southpoint Capital Advisors LP purchased a new stake in shares of Pinterest during the third quarter valued at about $123,006,000. Ontario Teachers Pension Plan Board raised its position in shares of Pinterest by 51.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after purchasing an additional 2,996,750 shares during the last quarter. Nordea Investment Management AB increased its holdings in Pinterest by 122.1% in the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock worth $111,515,000 after buying an additional 2,093,248 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Pinterest by 582.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,266,948 shares of the company’s stock worth $65,741,000 after purchasing an additional 1,934,653 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PINS shares. Wells Fargo & Company lifted their price target on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. UBS Group reduced their target price on Pinterest from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their price objective on Pinterest from $38.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. TD Cowen began coverage on Pinterest in a research note on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective for the company. Finally, Guggenheim lifted their target price on Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and a consensus target price of $43.47.

Pinterest Trading Down 1.9 %

Shares of PINS opened at $36.20 on Friday. The firm has a market cap of $24.55 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.95 and a beta of 1.06. The company’s 50 day simple moving average is $33.30 and its 200-day simple moving average is $32.03. Pinterest, Inc. has a 12-month low of $27.00 and a 12-month high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings data 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 8.10%. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value 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 approximately $920,081.48. This represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the sale, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,117 shares of company stock valued at $253,056. Corporate insiders own 7.11% of the company’s stock.

About Pinterest

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.