Daiwa Securities Group Inc. Grows Stock Position in Pinterest, Inc. (NYSE:PINS)

Daiwa Securities Group Inc. lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 2.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 65,496 shares of the company’s stock after acquiring an additional 1,335 shares during the period. Daiwa Securities Group Inc.’s holdings in Pinterest were worth $1,900,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Pinterest by 167.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 331,899 shares of the company’s stock worth $9,625,000 after purchasing an additional 207,917 shares during the last quarter. AlphaQuest LLC lifted its holdings in Pinterest by 223.7% in the fourth quarter. AlphaQuest LLC now owns 31,706 shares of the company’s stock valued at $919,000 after acquiring an additional 21,910 shares during the period. Amundi lifted its holdings in Pinterest by 19.4% in the fourth quarter. Amundi now owns 1,982,783 shares of the company’s stock valued at $61,209,000 after acquiring an additional 322,560 shares during the period. Machina Capital S.A.S. boosted its position in Pinterest by 132.1% in the 4th quarter. Machina Capital S.A.S. now owns 32,905 shares of the company’s stock worth $954,000 after purchasing an additional 18,729 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of Pinterest during the 4th quarter worth approximately $4,965,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Up 2.5 %

NYSE PINS opened at $31.92 on Friday. The business’s fifty day simple moving average is $34.34 and its 200-day simple moving average is $32.27. The firm has a market cap of $21.65 billion, a PE ratio of 11.87, a P/E/G ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) 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%. Research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Analysts Set New Price Targets

PINS has been the subject of several analyst reports. Oppenheimer boosted their target price on shares of Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Barclays increased their target price on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Benchmark upgraded Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Friday, February 7th. TD Cowen initiated coverage on Pinterest in a report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price target for the company. Finally, Morgan Stanley raised their price objective on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Insider Activity

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total transaction of $35,627.00. Following the completion of the transaction, the director now owns 31,386 shares of the company’s stock, valued at $972,338.28. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of Pinterest stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This represents a 2.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,879 shares of company stock valued at $3,653,577. 7.11% of the stock is currently owned by company 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.