Pinterest, Inc. (NYSE:PINS) Shares Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC raised its position in Pinterest, Inc. (NYSE:PINS) by 3,349.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,385 shares of the company’s stock after acquiring an additional 251,865 shares during the quarter. RWA Wealth Partners LLC’s holdings in Pinterest were worth $7,522,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Maverick Capital Ltd. boosted its holdings in Pinterest by 47.6% in the third quarter. Maverick Capital Ltd. now owns 57,180 shares of the company’s stock valued at $1,851,000 after purchasing an additional 18,430 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Pinterest by 8.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,540,152 shares of the company’s stock worth $49,855,000 after buying an additional 119,367 shares in the last quarter. Leibman Financial Services Inc. increased its stake in shares of Pinterest by 102.2% during the fourth quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock worth $1,862,000 after buying an additional 32,464 shares during the period. Janney Capital Management LLC acquired a new stake in Pinterest in the fourth quarter valued at approximately $4,289,000. Finally, Jones Financial Companies Lllp lifted its stake in Pinterest by 91.3% in the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company’s stock worth $725,000 after acquiring an additional 11,925 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Buying and Selling

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company’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 value of $219,766.50. Following the sale, the insider now owns 254,211 shares in the company, valued at $8,350,831.35. This represents a 2.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now directly 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. Insiders have sold 351,753 shares of company stock valued at $11,640,201 over the last quarter. Company insiders own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PINS. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective (up from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Rosenblatt Securities raised their price target on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price target on Pinterest from $48.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. KeyCorp cut their target price on Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Finally, Benchmark raised Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.33.

Pinterest Stock Performance

PINS stock opened at $31.49 on Monday. The stock has a market capitalization of $21.35 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02. The company has a fifty day moving average of $34.66 and a 200-day moving average of $32.41. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share 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%. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Pinterest Company 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.