Fox Run Management L.L.C. Has $1.25 Million Stock Position in Pinterest, Inc. (NYSE:PINS)

Fox Run Management L.L.C. boosted its position in Pinterest, Inc. (NYSE:PINS) by 21.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,937 shares of the company’s stock after buying 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.

Several other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new stake in Pinterest in the 4th quarter valued at $28,000. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 415 shares during the period. Crewe Advisors LLC grew its position in Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after buying an additional 550 shares in the last quarter. True Wealth Design LLC increased its stake in Pinterest by 8,261.1% during 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 increased its stake in Pinterest by 51.5% during 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 own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of Pinterest stock opened at $32.45 on Friday. The firm has a market cap of $22.01 billion, a PE ratio of 12.06, a P/E/G ratio of 1.95 and a beta of 1.02. The business’s 50 day simple moving average is $34.39 and its 200 day simple moving average is $32.27. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) 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%. As a group, equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

PINS has been the topic of several analyst reports. TD Cowen began coverage on shares of Pinterest in a report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price target on the stock. Royal Bank of Canada upped their target price on shares of 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 restated a “hold” rating and set a $32.00 price target (down previously from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Oppenheimer upped their price objective on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities raised their target price on Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Pinterest currently has an average rating of “Moderate Buy” and an average price target of $43.30.

Insider Activity at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total transaction of $3,180,906.28. Following the transaction, the director now owns 6,274 shares of the company’s stock, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 approximately $8,350,831.35. This represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 207,812 shares of company stock valued at $6,798,857. 7.11% of the stock is owned by 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.