International Assets Investment Management LLC Increases Position in Pinterest, Inc. (NYSE:PINS)

International Assets Investment Management LLC lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 3,402.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,266 shares of the company’s stock after acquiring an additional 77,974 shares during the quarter. International Assets Investment Management LLC’s holdings in Pinterest were worth $2,973,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. ARK Investment Management LLC increased its position in shares of Pinterest by 152.3% during the fourth quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock worth $53,507,000 after acquiring an additional 872,016 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Pinterest by 57.9% during the fourth quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock worth $32,766,000 after acquiring an additional 323,547 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Pinterest by 53.1% during the third quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock worth $84,826,000 after acquiring an additional 1,089,299 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Pinterest by 55.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock worth $6,477,000 after acquiring an additional 62,117 shares during the last quarter. Finally, National Bank of Canada FI increased its position in shares of Pinterest by 1,059.5% during the third quarter. National Bank of Canada FI now owns 85,723 shares of the company’s stock worth $2,318,000 after acquiring an additional 78,330 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PINS. JPMorgan Chase & Co. lifted their price target on Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of Pinterest in a research note on Friday, February 9th. Evercore ISI lifted their price target on Pinterest from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. KeyCorp lifted their price target on Pinterest from $37.00 to $48.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Finally, BMO Capital Markets began coverage on Pinterest in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.97.

Insider Buying and Selling

In related news, Director Jeffrey D. Jordan sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the sale, the director now owns 74,215 shares of the company’s stock, valued at $2,789,741.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Pinterest news, Director Jeffrey D. Jordan sold 20,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total value of $751,800.00. Following the transaction, the director now owns 74,215 shares of the company’s stock, valued at $2,789,741.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,934 shares of the company’s stock in a transaction on Monday, April 15th. The shares were 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 in the company, valued at approximately $1,055,077.64. The disclosure for this sale can be found here. Insiders have sold a total of 184,471 shares of company stock valued at $6,525,231 over the last quarter. Corporate insiders own 6.85% of the company’s stock.

Pinterest Price Performance

Shares of NYSE:PINS opened at $32.92 on Friday. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of -548.49, a PEG ratio of 4.48 and a beta of 0.99. The stock’s 50 day moving average price is $34.87 and its 200 day moving average price is $33.93.

Pinterest (NYSE:PINS) last announced its earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. Pinterest had a positive return on equity of 3.83% and a negative net margin of 1.17%. The firm had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. On average, sell-side analysts expect that Pinterest, Inc. will post 0.36 EPS for the current year.

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.