Ethos Financial Group LLC Acquires 350 Shares of Pinterest, Inc. (NYSE:PINS)

Ethos Financial Group LLC increased its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,803 shares of the company’s stock after buying an additional 350 shares during the period. Ethos Financial Group LLC’s holdings in Pinterest were worth $342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PINS. Point72 Asset Management L.P. bought a new position in shares of Pinterest during the third quarter valued at approximately $153,829,000. Southpoint Capital Advisors LP acquired a new stake in Pinterest in the third quarter valued at approximately $123,006,000. Ontario Teachers Pension Plan Board boosted its stake in Pinterest by 51.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after acquiring an additional 2,996,750 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Pinterest in the fourth quarter valued at approximately $61,261,000. Finally, Nordea Investment Management AB boosted its stake in Pinterest by 122.1% in the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock valued at $111,515,000 after acquiring an additional 2,093,248 shares in the last quarter. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now directly owns 29,086 shares of the company’s stock, valued at $1,139,880.34. This trade represents a 3.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Andrea Acosta sold 3,667 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the sale, the chief accounting officer now directly owns 144,129 shares in the company, valued at $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. In the last three months, insiders sold 7,117 shares of company stock worth $253,056. 7.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PINS shares. Morgan Stanley raised their target price on shares of Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Robert W. Baird lowered their target price on shares of Pinterest from $41.00 to $36.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Raymond James lifted their price objective on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Oppenheimer lifted their price objective on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.47.

Pinterest Trading Down 4.7 %

NYSE:PINS opened at $34.51 on Friday. The firm has a 50-day moving average price of $34.03 and a two-hundred day moving average price of $32.25. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The company has a market capitalization of $23.41 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last posted its 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 net margin of 51.07% and a return on equity of 8.10%. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current 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.