Signaturefd LLC Has $240,000 Holdings in Pinterest, Inc. (NYSE:PINS)

Signaturefd LLC lessened its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 11.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,286 shares of the company’s stock after selling 1,115 shares during the quarter. Signaturefd LLC’s holdings in Pinterest were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Pinterest in the fourth quarter worth $28,000. GAMMA Investing LLC grew its position in Pinterest by 63.5% in 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 during the last quarter. Crewe Advisors LLC increased its holdings in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after purchasing an additional 550 shares during the period. True Wealth Design LLC raised its position in shares of Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after buying an additional 1,487 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Ratings Changes

PINS has been the subject of several recent research reports. Wells Fargo & Company upped their price target on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 7th. KeyCorp reduced their price objective on shares of Pinterest from $46.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday. Roth Capital set a $32.00 target price on shares of Pinterest in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price objective on Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Guggenheim raised their target price on Pinterest from $33.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to data from MarketBeat.com, Pinterest has an average rating of “Moderate Buy” and a consensus target price of $43.30.

Pinterest Price Performance

Shares of NYSE PINS opened at $32.45 on Friday. The company’s 50 day simple moving average is $34.39 and its 200 day simple moving average is $32.27. Pinterest, Inc. has a fifty-two week low of $27.00 and a fifty-two week high of $45.19. The firm has a market capitalization of $22.01 billion, a P/E ratio of 12.06, a P/E/G ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last posted its quarterly earnings results 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%. Sell-side analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Transactions at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now owns 29,086 shares in the company, valued at approximately $1,139,880.34. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. This trade represents a 2.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 207,812 shares of company stock worth $6,798,857. 7.11% of the stock is currently owned by company insiders.

Pinterest 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.