Headlands Technologies LLC Has $308,000 Stake in Pinterest, Inc. (NYSE:PINS)

Headlands Technologies LLC boosted its position in Pinterest, Inc. (NYSE:PINS) by 9,922.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,624 shares of the company’s stock after purchasing an additional 10,518 shares during the period. Headlands Technologies LLC’s holdings in Pinterest were worth $308,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC bought a new position in Pinterest in the 4th quarter valued at approximately $28,000. GAMMA Investing LLC increased its position in Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after acquiring an additional 590 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 2,300 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Pinterest by 20.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company’s stock worth $75,000 after purchasing an additional 429 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Performance

Pinterest stock opened at $25.78 on Friday. Pinterest, Inc. has a fifty-two week low of $24.91 and a fifty-two week high of $45.19. The firm’s 50-day simple moving average is $34.40 and its 200 day simple moving average is $32.38. The stock has a market cap of $17.49 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS) last announced its 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 return on equity of 8.10% and a net margin of 51.07%. As a group, analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In related news, Director Gokul Rajaram sold 1,150 shares of Pinterest 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 owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares of the company’s stock, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 453,836 shares of company stock valued at $14,832,336 in the last ninety days. 7.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PINS shares. Wells Fargo & Company lowered 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, March 31st. Oppenheimer lifted their price objective on Pinterest from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Rosenblatt Securities increased their target price on shares of Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Sanford C. Bernstein upgraded shares of Pinterest from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $34.00 to $47.00 in a research report on Friday, February 7th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Pinterest in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.17.

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.