Oracle Alpha Inc. purchased a new stake in Pinterest, Inc. (NYSE:PINS – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,251 shares of the company’s stock, valued at approximately $528,000. Pinterest accounts for approximately 0.7% of Oracle Alpha Inc.’s holdings, making the stock its 23rd largest holding.
Several other institutional investors have also modified their holdings of the business. GAMMA Investing LLC acquired a new position in Pinterest during the 4th quarter worth $27,000. Rakuten Securities Inc. acquired a new position in shares of Pinterest during the fourth quarter worth about $30,000. Washington Trust Advisors Inc. increased its stake in shares of Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock worth $38,000 after buying an additional 326 shares during the period. Clear Street Markets LLC acquired a new stake in Pinterest in the third quarter valued at approximately $41,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in Pinterest in the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 88.81% of the company’s stock.
Insider Activity
In related news, insider Wanjiku Juanita Walcott sold 11,627 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total value of $481,590.34. Following the sale, the insider now owns 307,256 shares in the company, valued at approximately $12,726,543.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Wanjiku Juanita Walcott sold 11,627 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total value of $481,590.34. Following the sale, the insider now directly owns 307,256 shares in the company, valued at approximately $12,726,543.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey D. Jordan sold 20,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $35.08, for a total transaction of $701,600.00. Following the completion of the sale, the director now directly owns 34,215 shares in the company, valued at $1,200,262.20. The disclosure for this sale can be found here. In the last three months, insiders sold 67,650 shares of company stock worth $2,466,665. Company insiders own 7.11% of the company’s stock.
Pinterest Stock Performance
NYSE:PINS opened at $43.52 on Friday. The stock has a market capitalization of $29.73 billion, a price-to-earnings ratio of 207.25, a PEG ratio of 4.24 and a beta of 0.97. Pinterest, Inc. has a 1 year low of $23.59 and a 1 year high of $44.64. The stock has a fifty day moving average price of $39.11 and a two-hundred day moving average price of $37.16.
Pinterest (NYSE:PINS – Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. The business had revenue of $739.98 million during the quarter, compared to the consensus estimate of $699.96 million. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. On average, analysts predict that Pinterest, Inc. will post 0.44 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have commented on PINS shares. Citigroup increased their price objective on shares of Pinterest from $48.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Roth Mkm raised their price target on Pinterest from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Stifel Nicolaus upped their price objective on Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Loop Capital raised their target price on Pinterest from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Benchmark restated a “hold” rating on shares of Pinterest in a research note on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, Pinterest currently has a consensus rating of “Moderate Buy” and an average target price of $41.34.
Get Our Latest Analysis on Pinterest
Pinterest Company Profile
(Free Report)
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.
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