Headlands Technologies LLC Makes New $742,000 Investment in Pinterest, Inc. (NYSE:PINS)

Headlands Technologies LLC bought a new position in Pinterest, Inc. (NYSE:PINS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,036 shares of the company’s stock, valued at approximately $742,000.

A number of other large investors also recently modified their holdings of PINS. GAMMA Investing LLC bought a new stake in shares of Pinterest during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. bought a new stake in Pinterest in the fourth quarter valued at approximately $30,000. Washington Trust Advisors Inc. increased its stake in Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. Clear Street Markets LLC acquired a new stake in Pinterest in the third quarter worth $41,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Pinterest in the 4th quarter valued at $43,000. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Up 4.0 %

NYSE PINS traded up $1.32 on Friday, hitting $33.96. 12,886,057 shares of the company were exchanged, compared to its average volume of 6,671,289. The company has a market cap of $23.06 billion, a PE ratio of -566.07, a PEG ratio of 4.47 and a beta of 0.99. Pinterest, Inc. has a 12 month low of $20.60 and a 12 month high of $41.60. The stock has a fifty day moving average of $34.56 and a 200-day moving average of $34.14.

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

Insider Activity

In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $34.10, for a total value of $65,949.40. Following the transaction, the director now owns 33,580 shares in the company, valued at $1,145,078. The disclosure for this sale can be found here. Insiders have sold a total of 184,471 shares of company stock worth $6,525,231 over the last ninety days. Company insiders own 6.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. boosted their target price on shares of Pinterest from $34.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Susquehanna increased their price target on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a research note on Friday, February 9th. BMO Capital Markets began coverage on shares of Pinterest in a report on Tuesday, January 9th. They issued an “outperform” rating and a $45.00 target price on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $45.00 price target on shares of Pinterest in a research report on Friday, February 9th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.68.

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.