Vestor Capital LLC Makes New Investment in Pinterest, Inc. (NYSE:PINS)

Vestor Capital LLC purchased a new position in Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 94,730 shares of the company’s stock, valued at approximately $2,747,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. Empowered Funds LLC lifted its position in shares of Pinterest by 7.4% in the third quarter. Empowered Funds LLC now owns 9,165 shares of the company’s stock worth $297,000 after buying an additional 635 shares during the last quarter. Quest Partners LLC lifted its position in shares of Pinterest by 1,109.4% in the third quarter. Quest Partners LLC now owns 9,796 shares of the company’s stock worth $317,000 after buying an additional 8,986 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Pinterest in the third quarter worth about $458,000. Commerce Bank increased its stake in shares of Pinterest by 3.3% in the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock worth $384,000 after purchasing an additional 378 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Pinterest by 1.7% in the third quarter. Jennison Associates LLC now owns 1,615,844 shares of the company’s stock worth $52,305,000 after purchasing an additional 27,331 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Price Performance

Shares of PINS opened at $32.45 on Friday. The company has a market capitalization of $22.01 billion, a P/E ratio of 12.06, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The business’s 50 day simple moving average is $34.39 and its 200-day simple moving average is $32.27.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 6th. The company reported $0.33 EPS 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, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PINS shares. Monness Crespi & Hardt upgraded Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Friday, January 10th. Roth Capital set a $32.00 price objective on Pinterest in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on Pinterest from $39.00 to $47.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Raymond James lifted their price objective on Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $47.00 in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.30.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company’s stock in a transaction 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 transaction, the insider now owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the transaction, the director now directly owns 30,236 shares in the company, valued at approximately $920,081.48. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 207,812 shares of company stock valued at $6,798,857. 7.11% of the stock is currently owned by corporate insiders.

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.