Pinterest, Inc. (NYSE:PINS) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 91.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,993 shares of the company’s stock after acquiring an additional 11,925 shares during the period. Jones Financial Companies Lllp’s holdings in Pinterest were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of PINS. Whipplewood Advisors LLC acquired a new position in shares of Pinterest in the 4th quarter valued at $28,000. GAMMA Investing LLC boosted its position in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after purchasing an additional 415 shares during the period. Crewe Advisors LLC boosted its position in shares of Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares during the period. True Wealth Design LLC boosted its position in shares of Pinterest by 8,261.1% in the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after purchasing an additional 1,487 shares during the period. Finally, V Square Quantitative Management LLC boosted its position in shares of Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pinterest

In other news, Director Jeremy S. Levine sold 50,535 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $33.98, for a total transaction of $1,717,179.30. Following the completion of the transaction, the director now directly owns 1,156,693 shares in the company, valued at $39,304,428.14. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at $5,399,072.34. The trade was a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,189 shares of company stock valued at $3,433,811. Corporate insiders own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of recent analyst reports. Rosenblatt Securities increased their price target on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Roth Capital set a $32.00 price target on Pinterest in a research report on Monday, February 3rd. Raymond James raised their price objective on Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. KeyCorp raised their price objective on Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, TD Cowen assumed coverage on Pinterest in a research report on Tuesday, November 26th. They set a “buy” rating and a $38.00 price objective for the company. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Pinterest Stock Performance

Shares of PINS stock opened at $34.37 on Monday. The stock’s 50 day simple moving average is $34.13 and its 200 day simple moving average is $32.27. 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 $23.31 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last issued its quarterly earnings data 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 net margin of 51.07% and a return on equity of 8.10%. On average, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal 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.