Headlands Technologies LLC Makes New $742,000 Investment in Pinterest, Inc. (NYSE:PINS)

Headlands Technologies LLC bought a new position in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,036 shares of the company’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Truist Financial Corp raised its position in Pinterest by 8.9% in the fourth quarter. Truist Financial Corp now owns 66,955 shares of the company’s stock valued at $2,480,000 after purchasing an additional 5,483 shares during the period. Semanteon Capital Management LP acquired a new position in shares of Pinterest during the fourth quarter worth $1,044,000. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Pinterest by 28.6% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 47,865 shares of the company’s stock worth $1,773,000 after buying an additional 10,655 shares in the last quarter. Pittenger & Anderson Inc. purchased a new stake in shares of Pinterest during the fourth quarter worth about $421,000. Finally, Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Pinterest by 3.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,427 shares of the company’s stock worth $608,000 after acquiring an additional 583 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Up 4.0 %

Pinterest stock traded up $1.32 during mid-day trading on Friday, reaching $33.96. The company had a trading volume of 12,886,057 shares, compared to its average volume of 6,671,289. Pinterest, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $41.60. The company has a market cap of $23.06 billion, a P/E ratio of -566.07, a P/E/G ratio of 4.47 and a beta of 0.99. The business has a fifty day simple moving average of $34.56 and a 200 day simple moving average of $34.14.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. The firm had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. Research analysts forecast that Pinterest, Inc. will post 0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada increased their target price on Pinterest from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Evercore ISI raised their target price on Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Rosenblatt Securities restated a “buy” rating and set a $45.00 price target on shares of Pinterest in a research report on Friday, February 9th. Wedbush boosted their target price on shares of Pinterest from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, Susquehanna boosted their price objective on Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.68.

Insider Activity

In related news, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total transaction of $866,310.90. Following the sale, the insider now owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the transaction, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total transaction of $866,310.90. Following the completion of the sale, the insider now directly owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The disclosure for this sale can be found here. Insiders have sold a total of 184,471 shares of company stock valued at $6,525,231 over the last quarter. Company insiders own 6.85% of the company’s stock.

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.