Trexquant Investment LP Has $22.90 Million Holdings in Pinterest, Inc. (NYSE:PINS)

Trexquant Investment LP grew its position in Pinterest, Inc. (NYSE:PINS) by 222.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 789,638 shares of the company’s stock after purchasing an additional 545,066 shares during the period. Trexquant Investment LP’s holdings in Pinterest were worth $22,900,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Leibman Financial Services Inc. boosted its stake in Pinterest by 102.2% in the 4th quarter. Leibman Financial Services Inc. now owns 64,222 shares of the company’s stock worth $1,862,000 after purchasing an additional 32,464 shares during the period. Janney Capital Management LLC acquired a new stake in shares of Pinterest in the fourth quarter worth $4,289,000. Jones Financial Companies Lllp grew its holdings in shares of Pinterest by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company’s stock valued at $725,000 after buying an additional 11,925 shares in the last quarter. Weiss Asset Management LP acquired a new position in Pinterest during the third quarter valued at $1,296,000. Finally, Everence Capital Management Inc. purchased a new stake in Pinterest in the 4th quarter worth about $520,000. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PINS has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on Pinterest from $47.00 to $42.00 and set an “overweight” rating on the stock in a report on Monday. Rosenblatt Securities increased their target price on shares of Pinterest from $46.00 to $51.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on shares of Pinterest from $48.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Sanford C. Bernstein upgraded Pinterest from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $34.00 to $47.00 in a report on Friday, February 7th. Finally, Barclays boosted their target price on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.17.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 12,253 shares of the business’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $32.24, for a total value of $395,036.72. Following the completion of the transaction, the insider now directly owns 228,510 shares of the company’s stock, valued at approximately $7,367,162.40. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the transaction, the director now owns 29,086 shares in the company, valued at $1,139,880.34. The trade was a 3.80 % 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 worth $11,640,201 over the last ninety days. Corporate insiders own 7.11% of the company’s stock.

Pinterest Trading Down 1.5 %

Shares of PINS opened at $31.01 on Tuesday. The stock has a market cap of $21.03 billion, a PE ratio of 11.53, a PEG ratio of 1.95 and a beta of 1.02. Pinterest, Inc. has a 1 year low of $27.00 and a 1 year high of $45.19. The stock has a 50 day simple moving average of $34.67 and a 200-day simple moving average of $32.42.

Pinterest (NYSE:PINS) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

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.