Vestmark Advisory Solutions Inc. Takes Position in Pinterest, Inc. (NYSE:PINS)

Vestmark Advisory Solutions Inc. acquired a new stake in shares of 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 acquired 62,724 shares of the company’s stock, valued at approximately $2,323,000.

A number of other large investors also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. lifted its position in Pinterest by 25.3% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,363 shares of the company’s stock valued at $273,000 after acquiring an additional 1,487 shares during the last quarter. Westover Capital Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter valued at $227,000. Los Angeles Capital Management LLC boosted its position in shares of Pinterest by 2,666.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,420,258 shares of the company’s stock worth $52,606,000 after purchasing an additional 1,368,927 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of Pinterest by 97.8% in the 4th quarter. Natixis Advisors L.P. now owns 574,115 shares of the company’s stock worth $21,265,000 after purchasing an additional 283,837 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Pinterest by 51.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,732 shares of the company’s stock valued at $212,000 after buying an additional 1,937 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of PINS traded down $0.09 during mid-day trading on Friday, hitting $40.41. 9,685,456 shares of the company were exchanged, compared to its average volume of 10,543,186. The stock has a market cap of $27.44 billion, a price-to-earnings ratio of 192.44, a price-to-earnings-growth ratio of 4.64 and a beta of 0.99. Pinterest, Inc. has a 1-year low of $20.60 and a 1-year high of $41.60. The company has a 50 day moving average of $34.79 and a 200-day moving average of $34.53.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $981.26 million during the quarter, compared to analyst estimates of $988.62 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. Research analysts anticipate that Pinterest, Inc. will post 0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $48.00 target price (up from $45.00) on shares of Pinterest in a research report on Wednesday. Evercore ISI raised their price target on shares of Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Benchmark reaffirmed a “hold” rating on shares of Pinterest in a report on Wednesday. Finally, Roth Mkm raised their target price on shares of Pinterest from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.82.

Insider Activity at Pinterest

In related news, insider Sabrina Ellis sold 24,410 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total transaction of $866,310.90. Following the transaction, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction on Monday, April 15th. The stock was sold at an average price of $33.34, for a total transaction of $64,479.56. Following the transaction, the director now owns 31,646 shares in the company, valued at approximately $1,055,077.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction dated 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. In the last ninety days, insiders sold 164,471 shares of company stock valued at $5,773,431. 7.11% of the stock is owned by insiders.

Pinterest Company 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.