Pinterest, Inc. (NYSE:PINS) Shares Purchased by Eminence Capital LP

Eminence Capital LP increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,651,051 shares of the company’s stock after purchasing an additional 341,318 shares during the period. Pinterest accounts for approximately 2.5% of Eminence Capital LP’s portfolio, making the stock its 13th largest position. Eminence Capital LP owned 0.84% of Pinterest worth $163,880,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Leibman Financial Services Inc. boosted its position in shares of Pinterest by 102.2% in the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock valued at $1,862,000 after purchasing an additional 32,464 shares during the period. Janney Capital Management LLC purchased a new stake in Pinterest during the 4th quarter valued at approximately $4,289,000. Jones Financial Companies Lllp lifted its position in Pinterest by 91.3% during the 4th quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company’s stock worth $725,000 after acquiring an additional 11,925 shares during the period. Swedbank AB grew its stake in shares of Pinterest by 2,108.7% in the 4th quarter. Swedbank AB now owns 1,315,052 shares of the company’s stock valued at $38,137,000 after purchasing an additional 1,255,513 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Pinterest by 122.1% in the fourth quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock valued at $111,515,000 after purchasing an additional 2,093,248 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, CFO Donnelly Julia Brau sold 38,596 shares of Pinterest stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $34.27, for a total transaction of $1,322,684.92. Following the transaction, the chief financial officer now owns 231,879 shares of the company’s stock, valued at $7,946,493.33. This trade represents a 14.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at $5,399,072.34. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock worth $14,828,392 over the last ninety days. Company insiders own 7.11% of the company’s stock.

Analysts Set New Price Targets

PINS has been the subject of a number of analyst reports. Cantor Fitzgerald upped their price objective on shares of Pinterest from $36.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Guggenheim reaffirmed a “buy” rating on shares of Pinterest in a report on Tuesday, April 1st. Stifel Nicolaus reduced their price objective on Pinterest from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. UBS Group decreased their target price on shares of Pinterest from $50.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Finally, Raymond James cut Pinterest from an “overweight” rating to a “market perform” rating in a report on Monday, April 7th. Eight research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.31.

Pinterest Stock Performance

NYSE PINS opened at $27.03 on Wednesday. The stock has a market capitalization of $18.33 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The stock has a fifty day moving average of $29.30 and a 200-day moving average of $31.29.

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

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.