Pinterest, Inc. (NYSE:PINS) Shares Acquired by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in Pinterest, Inc. (NYSE:PINS) by 224.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,040 shares of the company’s stock after buying an additional 27,015 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Pinterest were worth $1,132,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in PINS. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest in the fourth quarter valued at about $28,000. GAMMA Investing LLC raised its position in shares of 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 during the last quarter. True Wealth Design LLC lifted its stake in Pinterest by 8,261.1% in the 3rd 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 in the last quarter. V Square Quantitative Management LLC grew its holdings in Pinterest by 51.5% during the 4th 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 last quarter. Finally, Manchester Capital Management LLC increased its position in Pinterest by 17,692.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock worth $67,000 after buying an additional 2,300 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Trading Down 1.9 %

PINS opened at $32.29 on Friday. Pinterest, Inc. has a twelve month low of $27.00 and a twelve month high of $45.19. The firm has a market cap of $21.90 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.95 and a beta of 1.02. The company has a fifty day simple moving average of $34.64 and a 200 day simple moving average of $32.35.

Pinterest (NYSE:PINS) last announced 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 net margin of 51.07% and a return on equity of 8.10%. On average, analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gokul Rajaram sold 1,150 shares of the business’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 completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $195,497.84. This represents a 94.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 351,753 shares of company stock worth $11,640,201 in the last three months. 7.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PINS has been the topic of a number of analyst reports. KeyCorp decreased their price objective on Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 18th. The Goldman Sachs Group raised their price target on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 price target for the company in a 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 on the stock in a research note on Friday, February 7th. Finally, Oppenheimer lifted their target price on shares of Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.33.

About Pinterest

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.