Banco Santander S.A. Sells 737 Shares of Pinterest, Inc. (NYSE:PINS)

Banco Santander S.A. lessened its holdings in Pinterest, Inc. (NYSE:PINS) by 7.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,003 shares of the company’s stock after selling 737 shares during the period. Banco Santander S.A.’s holdings in Pinterest were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Whipplewood Advisors LLC bought a new stake in Pinterest during the fourth quarter valued at about $28,000. GAMMA Investing LLC lifted its position in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after buying an additional 415 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after buying an additional 550 shares in the last quarter. True Wealth Design LLC grew its stake in shares of Pinterest by 8,261.1% during 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 during the period. Finally, V Square Quantitative Management LLC increased its holdings in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after acquiring an additional 590 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the completion of the sale, the insider now directly owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,879 shares of company stock worth $3,653,577. 7.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Oppenheimer lifted their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company increased their price target on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Jefferies Financial Group restated a “hold” rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of Pinterest in a research report on Friday, February 7th. 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 has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Pinterest Price Performance

NYSE:PINS opened at $31.85 on Tuesday. The firm has a market capitalization of $21.60 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.95 and a beta of 1.02. The business has a 50 day simple moving average of $34.18 and a 200-day simple moving average of $32.27. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19.

Pinterest (NYSE:PINS) last issued 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 return on equity of 8.10% and a net margin of 51.07%. As a group, analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.