Pinterest, Inc. (NYSE:PINS) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 222.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 789,638 shares of the company’s stock after acquiring an additional 545,066 shares during the period. Trexquant Investment LP owned about 0.12% of Pinterest worth $22,900,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PINS. Hantz Financial Services Inc. grew its stake in Pinterest by 3.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,380 shares of the company’s stock valued at $304,000 after purchasing an additional 339 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Pinterest by 2.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company’s stock valued at $366,000 after buying an additional 342 shares during the last quarter. Ethos Financial Group LLC grew its position in shares of Pinterest by 3.1% during the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company’s stock worth $342,000 after buying an additional 350 shares in the last quarter. Amalgamated Bank grew its position in shares of Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company’s stock worth $1,154,000 after buying an additional 372 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after buying an additional 415 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total value of $3,180,906.28. Following the transaction, the director now owns 6,274 shares of the company’s stock, valued at $195,497.84. The trade was a 94.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction 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 represents a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 351,753 shares of company stock valued at $11,640,201 over the last quarter. Corporate insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PINS. Jefferies Financial Group reissued a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. 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. Oppenheimer upped their price objective on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their target price on Pinterest from $47.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $41.00 price target (up from $36.00) on shares of Pinterest in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.17.

Pinterest Stock Performance

Shares of PINS opened at $31.01 on Tuesday. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The stock’s fifty day moving average is $34.67 and its 200-day moving average is $32.42. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 6th. The company reported $0.33 EPS 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%. Analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.