Pinterest, Inc. (NYSE:PINS) Stake Lifted by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 357.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,719,355 shares of the company’s stock after acquiring an additional 2,125,010 shares during the quarter. Schroder Investment Management Group owned about 0.40% of Pinterest worth $79,269,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC bought a new stake in shares of Pinterest in the 4th quarter worth $28,000. GAMMA Investing LLC grew its holdings in Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares during the period. True Wealth Design LLC raised its position in Pinterest by 8,261.1% in the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after acquiring an additional 1,487 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after acquiring an additional 590 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in shares of Pinterest by 17,692.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock valued at $67,000 after purchasing an additional 2,300 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PINS. Guggenheim raised shares of Pinterest from a “neutral” rating to a “buy” rating and increased their target price for the company from $39.00 to $40.00 in a research note on Monday, March 24th. KeyCorp decreased their target price on Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, March 18th. Benchmark raised Pinterest from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Friday, February 7th. The Goldman Sachs Group lifted their price target on Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $41.00 target price (up from $36.00) on shares of Pinterest in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Pinterest Trading Down 2.3 %

PINS stock opened at $31.49 on Monday. The firm has a market cap of $21.35 billion, a PE ratio of 11.70, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The company has a fifty day simple moving average of $34.66 and a 200 day simple moving average of $32.41.

Pinterest (NYSE:PINS) last released 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%. As a group, analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Buying and Selling at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total value of $34,994.50. Following the sale, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now directly owns 6,274 shares of the company’s stock, valued at $195,497.84. This represents a 94.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 351,753 shares of company stock worth $11,640,201 over the last 90 days. Insiders own 7.11% of the company’s stock.

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.