Howe & Rusling Inc. Boosts Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Howe & Rusling Inc. boosted its position in Pinterest, Inc. (NYSE:PINS) by 23.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 164,053 shares of the company’s stock after buying an additional 31,041 shares during the quarter. Howe & Rusling Inc.’s holdings in Pinterest were worth $4,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest during the 4th quarter valued at approximately $28,000. GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. True Wealth Design LLC lifted its position in shares of Pinterest by 8,261.1% during 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 grew its position in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after purchasing an additional 590 shares in the last quarter. Finally, Manchester Capital Management LLC raised its stake 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 during the period. 88.81% of the stock is currently owned by institutional investors.

Insider Transactions at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on 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 transaction, the director now owns 30,236 shares in the company, valued at approximately $920,081.48. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Donnelly Julia Brau sold 29,605 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the sale, the chief financial officer now owns 166,408 shares in the company, valued at approximately $5,649,551.60. This trade represents a 15.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 237,417 shares of company stock valued at $7,803,946. Company insiders own 7.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PINS. Stifel Nicolaus restated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Pinterest in a research note on Friday, February 7th. Royal Bank of Canada raised their price objective on shares of Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Barclays upped their target price on shares of Pinterest from $36.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, February 7th. Guggenheim raised shares of Pinterest from a “neutral” rating to a “buy” rating and raised their price target for the company from $39.00 to $40.00 in a report on Monday. Finally, The Goldman Sachs Group upped their price target on shares of Pinterest from $42.00 to $47.00 and gave the stock a “buy” rating 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 company’s stock. According to data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and a consensus target price of $43.33.

Pinterest Price Performance

NYSE PINS opened at $32.96 on Thursday. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock has a market capitalization of $22.35 billion, a PE ratio of 12.25, a PEG ratio of 1.95 and a beta of 1.02. The business’s 50-day moving average is $34.60 and its 200 day moving average is $32.35.

Pinterest (NYSE:PINS) last posted its 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 net margin of 51.07% and a return on equity of 8.10%. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current 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.