Lecap Asset Management Ltd. Purchases Shares of 62,432 Pinterest, Inc. (NYSE:PINS)

Lecap Asset Management Ltd. purchased a new position in shares of Pinterest, Inc. (NYSE:PINS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 62,432 shares of the company’s stock, valued at approximately $1,811,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after purchasing an additional 415 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Pinterest in the third quarter worth $37,000. Crewe Advisors LLC raised its stake in shares of Pinterest by 91.1% in the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after acquiring an additional 550 shares during the period. True Wealth Design LLC lifted its holdings in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after acquiring an additional 1,487 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in Pinterest by 44.2% during the 3rd quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock worth $74,000 after purchasing an additional 703 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total transaction of $118,733.60. Following the transaction, the chief accounting officer now directly owns 158,468 shares of the company’s stock, valued at approximately $4,893,491.84. This trade represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares of the company’s stock, valued at $7,610,105.22. The trade was a 4.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,157 shares of company stock valued at $589,131 in the last quarter. Company insiders own 7.11% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the topic of several research reports. Wedbush reissued an “outperform” rating and issued a $38.00 price objective on shares of Pinterest in a research report on Tuesday, January 28th. Monness Crespi & Hardt raised Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, January 10th. Benchmark raised shares of Pinterest from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Friday. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $47.00 in a research note on Friday. Finally, TD Cowen assumed coverage on shares of Pinterest in a research note on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.71.

Pinterest Trading Up 0.9 %

NYSE:PINS opened at $33.60 on Friday. The firm has a market capitalization of $22.71 billion, a PE ratio of 112.00, a price-to-earnings-growth ratio of 1.68 and a beta of 1.06. Pinterest, Inc. has a 52 week low of $27.00 and a 52 week high of $45.19. The stock has a 50 day moving average of $31.17 and a 200-day moving average of $31.55.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.37% and a net margin of 6.21%. As a group, analysts predict that Pinterest, Inc. will post 0.42 EPS for the current fiscal year.

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.