Semanteon Capital Management LP Takes $1.04 Million Position in Pinterest, Inc. (NYSE:PINS)

Semanteon Capital Management LP bought a new position in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 28,181 shares of the company’s stock, valued at approximately $1,044,000.

Other large investors have also added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Pinterest by 28.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 47,865 shares of the company’s stock worth $1,773,000 after acquiring an additional 10,655 shares during the period. Pittenger & Anderson Inc. bought a new stake in shares of Pinterest during the 4th quarter valued at about $421,000. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Pinterest by 3.7% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,427 shares of the company’s stock valued at $608,000 after purchasing an additional 583 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Pinterest in the 4th quarter worth approximately $43,000. Finally, Yousif Capital Management LLC purchased a new position in shares of Pinterest in the fourth quarter worth approximately $257,000. Institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the transaction, the chief financial officer now directly owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total transaction of $65,949.40. Following the sale, the director now directly owns 33,580 shares in the company, valued at $1,145,078. The disclosure for this sale can be found here. Insiders sold a total of 184,471 shares of company stock worth $6,525,231 over the last three months. 6.85% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on PINS shares. Wedbush increased their price target on shares of Pinterest from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. BMO Capital Markets began coverage on Pinterest in a research report on Tuesday, January 9th. They set an “outperform” rating and a $45.00 target price on the stock. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price target on shares of Pinterest in a research report on Friday, February 9th. Roth Mkm lifted their price objective on Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Susquehanna increased their target price on shares of Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $37.68.

Pinterest Trading Down 0.6 %

Shares of NYSE:PINS traded down $0.21 during trading on Thursday, reaching $32.64. The company’s stock had a trading volume of 17,084,716 shares, compared to its average volume of 9,510,697. The stock has a market capitalization of $22.16 billion, a PE ratio of -543.91, a price-to-earnings-growth ratio of 4.53 and a beta of 0.99. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60. The firm’s 50 day simple moving average is $34.61 and its two-hundred day simple moving average is $34.15.

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