EntryPoint Capital LLC Buys Shares of 15,657 Pinterest, Inc. (NYSE:PINS)

EntryPoint Capital LLC bought a new position in shares of Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,657 shares of the company’s stock, valued at approximately $454,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp boosted its holdings in Pinterest by 1.2% during the third quarter. State Street Corp now owns 12,773,652 shares of the company’s stock worth $413,483,000 after buying an additional 156,748 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Pinterest by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 9,466,585 shares of the company’s stock valued at $305,710,000 after acquiring an additional 76,920 shares during the period. Ninety One UK Ltd boosted its stake in shares of Pinterest by 5.4% during the 4th quarter. Ninety One UK Ltd now owns 5,471,613 shares of the company’s stock worth $158,677,000 after acquiring an additional 278,362 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Pinterest in the 3rd quarter worth approximately $153,829,000. Finally, ARK Investment Management LLC increased its stake in Pinterest by 0.4% in the 4th quarter. ARK Investment Management LLC now owns 4,386,546 shares of the company’s stock valued at $127,210,000 after purchasing an additional 17,997 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total value of $219,766.50. Following the completion of the transaction, the insider now directly owns 254,211 shares of the company’s stock, valued at $8,350,831.35. This represents a 2.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Donnelly Julia Brau sold 29,605 shares of Pinterest stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $33.95, for a total value of $1,005,089.75. Following the sale, the chief financial officer now directly owns 166,408 shares in the company, valued at approximately $5,649,551.60. The trade was a 15.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 237,417 shares of company stock worth $7,803,946. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Stock Up 1.9 %

PINS opened at $34.68 on Wednesday. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The company has a 50 day moving average of $34.56 and a two-hundred day moving average of $32.35. The company has a market cap of $23.52 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last announced its quarterly earnings results 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 return on equity of 8.10% and a net margin of 51.07%. Research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Raymond James upped their target price on Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Wedbush raised their target price on shares of Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Guggenheim raised shares of Pinterest from a “neutral” rating to a “buy” rating and upped their price target for the company from $39.00 to $40.00 in a report on Monday. The Goldman Sachs Group raised their price objective on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Barclays upped their target price on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pinterest currently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

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.