Two Sigma Securities LLC Grows Stake in Pinterest, Inc. (NYSE:PINS)

Two Sigma Securities LLC boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,536 shares of the company’s stock after acquiring an additional 3,236 shares during the period. Two Sigma Securities LLC’s holdings in Pinterest were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in PINS. Price T Rowe Associates Inc. MD raised its stake in shares of Pinterest by 104.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company’s stock worth $737,533,000 after purchasing an additional 12,986,310 shares during the last quarter. FMR LLC lifted its holdings in Pinterest by 2.6% during the fourth quarter. FMR LLC now owns 12,599,356 shares of the company’s stock valued at $365,381,000 after purchasing an additional 316,633 shares in the last quarter. Norges Bank purchased a new position in Pinterest in the 4th quarter valued at about $358,205,000. Marshall Wace LLP boosted its stake in shares of Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company’s stock worth $310,352,000 after acquiring an additional 6,129,985 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Pinterest by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,648,352 shares of the company’s stock valued at $279,281,000 after acquiring an additional 181,767 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insiders Place Their Bets

In other Pinterest news, insider Wanjiku Juanita Walcott sold 6,690 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the transaction, the insider now owns 254,211 shares of the company’s stock, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction dated 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 directly owns 144,129 shares in the company, valued at $5,399,072.34. This represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock valued at $14,828,392 in the last ninety days. Insiders own 7.11% of the company’s stock.

Pinterest Price Performance

PINS opened at $26.05 on Monday. The stock has a market cap of $17.67 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19. The stock’s 50 day simple moving average is $30.87 and its 200 day simple moving average is $31.63.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on PINS. Morgan Stanley dropped their price target on shares of Pinterest from $42.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, April 17th. Monness Crespi & Hardt raised shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Friday, January 10th. Raymond James cut Pinterest from an “overweight” rating to a “market perform” rating in a research note on Monday, April 7th. KeyCorp lowered their target price on shares of Pinterest from $41.00 to $37.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Pinterest from $42.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.10.

Pinterest 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.