World Equity Group Inc. Has $500,000 Holdings in Pinterest, Inc. (NYSE:PINS)

World Equity Group Inc. boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 92.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,234 shares of the company’s stock after acquiring an additional 8,270 shares during the quarter. World Equity Group Inc.’s holdings in Pinterest were worth $500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in shares of Pinterest during the 3rd quarter valued at about $153,829,000. Southpoint Capital Advisors LP acquired a new stake in shares of Pinterest during the 3rd quarter valued at about $123,006,000. Ontario Teachers Pension Plan Board lifted its holdings in shares of Pinterest by 51.5% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 8,812,117 shares of the company’s stock valued at $285,248,000 after buying an additional 2,996,750 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Pinterest by 122.1% during the 4th quarter. Nordea Investment Management AB now owns 3,807,269 shares of the company’s stock valued at $111,515,000 after buying an additional 2,093,248 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Pinterest by 582.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,266,948 shares of the company’s stock valued at $65,741,000 after buying an additional 1,934,653 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Down 4.8 %

PINS opened at $37.68 on Monday. The stock has a market cap of $25.55 billion, a PE ratio of 14.01, a P/E/G ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock’s 50 day simple moving average is $32.92 and its 200-day simple moving average is $31.88.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PINS shares. Rosenblatt Securities lifted their price target on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Pinterest from $38.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Oppenheimer boosted their target price on Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Wedbush boosted their target price on Pinterest from $38.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and an average target price of $43.47.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.88, for a total value of $118,733.60. Following the sale, the chief accounting officer now directly owns 158,468 shares in the company, valued at $4,893,491.84. This represents a 2.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Wanjiku Juanita Walcott sold 11,862 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the sale, the insider now owns 246,921 shares in the company, valued at $7,610,105.22. This trade represents a 4.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,157 shares of company stock worth $600,010 over the last three months. Company insiders own 7.11% of the company’s stock.

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.