Aware Super Pty Ltd as trustee of Aware Super Invests $9.48 Million in Pinterest, Inc. (NYSE:PINS)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in Pinterest, Inc. (NYSE:PINS) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 327,028 shares of the company’s stock, valued at approximately $9,484,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in shares of Pinterest by 36.7% in the third quarter. Toronto Dominion Bank now owns 77,842 shares of the company’s stock valued at $2,520,000 after purchasing an additional 20,881 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Pinterest by 42.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 124,353 shares of the company’s stock valued at $3,733,000 after acquiring an additional 36,925 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Pinterest during the 3rd quarter worth $87,000. GAMMA Investing LLC grew its stake in shares of Pinterest by 63.5% in the 4th 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. Finally, Everence Capital Management Inc. purchased a new stake in shares of Pinterest in the fourth quarter valued at about $520,000. Institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent analyst reports. KeyCorp reduced their price objective on shares of Pinterest from $41.00 to $37.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on Pinterest from $42.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. TD Cowen cut their price objective on Pinterest from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and raised their target price for the company from $34.00 to $47.00 in a research report on Friday, February 7th. Finally, UBS Group cut their price target on shares of Pinterest from $50.00 to $39.00 and set a “buy” rating on the stock in a report on Friday. Eight 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, Pinterest has a consensus rating of “Moderate Buy” and an average price target of $41.81.

Pinterest Stock Performance

Pinterest stock opened at $25.84 on Tuesday. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The stock has a market cap of $17.53 billion, a P/E ratio of 9.61, a PEG ratio of 1.95 and a beta of 0.99. The firm’s fifty day moving average price is $33.27 and its 200-day moving average price is $32.11.

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%. Sell-side analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the transaction, the insider now directly owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This trade represents a 2.56 % decrease in their position. 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 company’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 value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This represents a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 453,836 shares of company stock valued at $14,832,336 over the last three months. 7.11% of the stock is owned by corporate insiders.

Pinterest 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.