Bayberry Capital Partners LP Has $21.78 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Bayberry Capital Partners LP lessened its stake in shares of Pinterest, Inc. (NYSE:PINS – Free Report) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 588,000 shares of the company’s stock after selling 57,000 shares during the quarter. Pinterest makes up 4.1% of Bayberry Capital Partners LP’s holdings, making the stock its 4th biggest holding. Bayberry Capital Partners LP owned approximately 0.09% of Pinterest worth $21,780,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of PINS. Van ECK Associates Corp raised its holdings in Pinterest by 131.4% in the 3rd quarter. Van ECK Associates Corp now owns 100,191 shares of the company’s stock valued at $2,708,000 after buying an additional 56,885 shares during the last quarter. Pathstone Family Office LLC acquired a new position in Pinterest in the 3rd quarter valued at approximately $406,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Pinterest by 17.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 453,288 shares of the company’s stock valued at $12,252,000 after acquiring an additional 65,945 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of Pinterest by 4.8% during the third quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock worth $274,000 after purchasing an additional 466 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its stake in shares of Pinterest by 20.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 22,351 shares of the company’s stock worth $604,000 after purchasing an additional 3,838 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

Shares of NYSE PINS opened at $43.89 on Thursday. The company has a 50-day moving average price of $38.78 and a 200-day moving average price of $37.07. The stock has a market capitalization of $29.98 billion, a P/E ratio of 209.00, a P/E/G ratio of 4.39 and a beta of 0.97. Pinterest, Inc. has a 1 year low of $23.59 and a 1 year high of $44.64.

Pinterest (NYSE:PINS – Get Free Report) last released 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 return on equity of 5.93% and a net margin of 4.64%. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.43 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the sale, the director now directly owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the transaction, the director now directly owns 31,646 shares of the company’s stock, valued at $1,055,077.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 30,221 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $35.45, for a total value of $1,071,334.45. Following the completion of the transaction, the chief financial officer now owns 327,358 shares of the company’s stock, valued at approximately $11,604,841.10. The disclosure for this sale can be found here. Insiders have sold a total of 67,650 shares of company stock valued at $2,466,665 over the last 90 days. Insiders own 7.11% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. KeyCorp cut their target price on Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Sanford C. Bernstein lifted their price objective on Pinterest from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 1st. Wedbush raised their price target on shares of Pinterest from $38.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, May 1st. Stifel Nicolaus upped their price objective on shares of Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Citigroup lifted their target price on shares of Pinterest from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, Pinterest has an average rating of “Moderate Buy” and an average target price of $41.34.

Get Our Latest Stock Analysis on PINS

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.