Virtu Financial LLC Takes $212,000 Position in Pinterest, Inc. (NYSE:PINS)

Virtu Financial LLC bought a new stake in Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,731 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PINS. PNC Financial Services Group Inc. lifted its stake in shares of Pinterest by 19.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,166 shares of the company’s stock valued at $356,000 after purchasing an additional 2,154 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new position in Pinterest during the third quarter valued at $407,000. Envestnet Asset Management Inc. raised its stake in Pinterest by 69.4% during the third quarter. Envestnet Asset Management Inc. now owns 358,003 shares of the company’s stock valued at $9,677,000 after buying an additional 146,622 shares during the last quarter. FMR LLC raised its stake in Pinterest by 8.1% during the third quarter. FMR LLC now owns 5,097,160 shares of the company’s stock valued at $137,776,000 after buying an additional 381,837 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Pinterest by 46.3% during the third quarter. Invesco Ltd. now owns 3,135,629 shares of the company’s stock valued at $84,756,000 after buying an additional 993,015 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Activity

In other news, CFO Donnelly Julia Brau sold 30,221 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $35.45, for a total value of $1,071,334.45. Following the completion of the sale, the chief financial officer now directly owns 327,358 shares of the company’s stock, valued at approximately $11,604,841.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Donnelly Julia Brau sold 30,221 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $35.45, for a total transaction of $1,071,334.45. Following the completion of the sale, the chief financial officer now directly owns 327,358 shares of the company’s stock, valued at approximately $11,604,841.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $43.90, for a total value of $168,795.50. Following the sale, the chief accounting officer now directly owns 189,470 shares of the company’s stock, valued at $8,317,733. The disclosure for this sale can be found here. Insiders sold 69,561 shares of company stock valued at $2,569,511 in the last ninety days. Insiders own 7.11% of the company’s stock.

Pinterest Trading Down 0.9 %

Shares of Pinterest stock opened at $43.62 on Friday. The stock has a 50 day moving average of $40.10 and a 200 day moving average of $37.55. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.01. The firm has a market cap of $29.80 billion, a PE ratio of 207.72, a PEG ratio of 4.32 and a beta of 0.97.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The company had revenue of $739.98 million during the quarter, compared to analyst estimates of $699.96 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on PINS shares. Loop Capital lifted their price objective on Pinterest from $43.00 to $49.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Wells Fargo & Company lifted their price objective on Pinterest from $47.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Stifel Nicolaus lifted their price objective on Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Benchmark restated a “hold” rating on shares of Pinterest in a research note on Wednesday, May 1st. Finally, Wedbush boosted their price target on Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.34.

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.