Headlands Technologies LLC Raises Stock Position in Pinterest, Inc. (NYSE:PINS)

Headlands Technologies LLC boosted its position in Pinterest, Inc. (NYSE:PINS) by 9,922.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,624 shares of the company’s stock after purchasing an additional 10,518 shares during the quarter. Headlands Technologies LLC’s holdings in Pinterest were worth $308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC purchased a new stake in shares of Pinterest in the fourth quarter worth $28,000. GAMMA Investing LLC raised its holdings in shares of 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 in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Pinterest by 51.5% during the 4th 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 grew 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its position 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 owned by institutional investors.

Insider Buying and Selling at Pinterest

In other news, Director Benjamin Silbermann sold 102,083 shares of the company’s 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 in the company, valued at approximately $195,497.84. This represents a 94.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the completion of the transaction, the director now owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 453,836 shares of company stock valued at $14,832,336. Corporate insiders own 7.11% of the company’s stock.

Pinterest Stock Down 6.3 %

NYSE PINS opened at $25.78 on Friday. The stock’s 50 day moving average is $34.40 and its 200 day moving average is $32.38. The firm has a market capitalization of $17.49 billion, a PE ratio of 9.58, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a twelve month low of $24.91 and a twelve month high of $45.19.

Pinterest (NYSE:PINS) last released 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%. On average, research analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Monness Crespi & Hardt upgraded shares of Pinterest from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Friday, January 10th. Guggenheim reaffirmed a “buy” rating on shares of Pinterest in a report on Tuesday. KeyCorp lowered their price target on Pinterest from $46.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 18th. Raymond James lifted their price target on Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Rosenblatt Securities increased their price objective on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.17.

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.