Pinterest, Inc. (NYSE:PINS) Shares Acquired by Generate Investment Management Ltd

Generate Investment Management Ltd boosted its holdings in Pinterest, Inc. (NYSE:PINS) by 97.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 406,016 shares of the company’s stock after acquiring an additional 200,135 shares during the period. Generate Investment Management Ltd’s holdings in Pinterest were worth $11,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of Pinterest by 5.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,329 shares of the company’s stock worth $205,000 after purchasing an additional 313 shares during the last quarter. Hantz Financial Services Inc. increased its position in Pinterest by 3.7% in the third quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock worth $304,000 after buying an additional 339 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Pinterest by 2.8% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock valued at $366,000 after buying an additional 342 shares during the last quarter. Commerce Bank lifted its stake in Pinterest by 3.3% in the third quarter. Commerce Bank now owns 11,868 shares of the company’s stock valued at $384,000 after buying an additional 378 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Pinterest by 63.5% during 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. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 0.9 %

NYSE:PINS opened at $33.60 on Friday. The stock has a fifty day simple moving average of $31.17 and a 200 day simple moving average of $31.55. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 112.00, a price-to-earnings-growth ratio of 1.68 and a beta of 1.06. Pinterest, Inc. has a 1-year low of $27.00 and a 1-year high of $45.19.

Pinterest (NYSE:PINS) last released 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 return on equity of 8.37% and a net margin of 6.21%. Equities analysts predict that Pinterest, Inc. will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.88, for a total transaction of $118,733.60. Following the completion of the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at approximately $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the transaction, the insider now owns 246,921 shares in the company, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,157 shares of company stock worth $589,131. Corporate insiders own 7.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PINS. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Friday, January 10th. Rosenblatt Securities lifted their price target on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday. Wedbush reissued an “outperform” rating and issued a $38.00 price objective on shares of Pinterest in a report on Tuesday, January 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $48.00 target price on shares of Pinterest in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company decreased their price target on Pinterest from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Seven research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.71.

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.