Lbp Am Sa Has $4.87 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Lbp Am Sa increased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 573.8% in the 4th quarter, HoldingsChannel reports. The firm owned 167,848 shares of the company’s stock after acquiring an additional 142,936 shares during the period. Lbp Am Sa’s holdings in Pinterest were worth $4,868,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new stake in Pinterest in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC grew its stake in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares during the period. Crewe Advisors LLC grew its stake in Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after acquiring an additional 550 shares during the period. True Wealth Design LLC grew its stake in Pinterest by 8,261.1% in the third 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 grew its stake in Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after acquiring an additional 590 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 $31.92 on Friday. The firm has a market cap of $21.65 billion, a PE ratio of 11.87, a PEG ratio of 1.95 and a beta of 1.02. The stock’s fifty day moving average price is $34.34 and its two-hundred day moving average price is $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 earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total transaction of $35,627.00. Following the sale, the director now directly owns 31,386 shares in the company, valued at approximately $972,338.28. The trade was a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,879 shares of company stock worth $3,653,577 over the last ninety days. 7.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of research reports. Morgan Stanley raised their price objective on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Wedbush raised their price objective on Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada raised their price objective on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group reaffirmed a “hold” rating and set a $32.00 target price (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Finally, TD Cowen began coverage on Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 target price on the stock. Eight equities 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 presently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

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.