Fox Run Management L.L.C. Acquires 7,711 Shares of Pinterest, Inc. (NYSE:PINS)

Fox Run Management L.L.C. raised its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,937 shares of the company’s stock after purchasing an additional 7,711 shares during the quarter. Fox Run Management L.L.C.’s holdings in Pinterest were worth $1,245,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its stake in shares of Pinterest by 3.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after buying an additional 339 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock worth $366,000 after acquiring an additional 342 shares during the last quarter. Ethos Financial Group LLC boosted its holdings in shares of Pinterest by 3.1% during the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock worth $342,000 after acquiring an additional 350 shares during the period. Amalgamated Bank grew its position in shares of Pinterest by 0.9% in the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock valued at $1,154,000 after purchasing an additional 372 shares during the last quarter. Finally, Commerce Bank grew its position in shares of Pinterest by 3.3% in the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after purchasing an additional 378 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the transaction, the director now owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 207,812 shares of company stock worth $6,798,857. 7.11% of the stock is currently owned by company insiders.

Pinterest Stock Up 3.3 %

NYSE PINS opened at $32.45 on Friday. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The business’s fifty day moving average is $34.39 and its 200 day moving average is $32.27. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PINS. Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Piper Sandler restated a “neutral” rating and issued a $41.00 price target (up from $36.00) on shares of Pinterest in a research note on Friday, February 7th. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up previously from $45.00) on shares of Pinterest in a report on Friday, February 7th. Royal Bank of Canada raised their target price on shares of Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Morgan Stanley lifted their price target on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and a consensus target price of $43.30.

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.