World Equity Group Inc. Has $500,000 Stock Holdings in Pinterest, Inc. (NYSE:PINS)

World Equity Group Inc. increased its position in shares of Pinterest, Inc. (NYSE:PINS) by 92.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,234 shares of the company’s stock after acquiring an additional 8,270 shares during the quarter. World Equity Group Inc.’s holdings in Pinterest were worth $500,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. ING Groep NV acquired a new position in shares of Pinterest during the fourth quarter valued at $9,326,000. Ieq Capital LLC lifted its stake in shares of Pinterest by 75.1% during the fourth quarter. Ieq Capital LLC now owns 556,899 shares of the company’s stock valued at $16,150,000 after acquiring an additional 238,766 shares during the period. Private Advisor Group LLC lifted its stake in shares of Pinterest by 612.3% during the fourth quarter. Private Advisor Group LLC now owns 64,543 shares of the company’s stock valued at $1,872,000 after acquiring an additional 55,482 shares during the period. TimesSquare Capital Management LLC increased its holdings in Pinterest by 6.4% in the fourth quarter. TimesSquare Capital Management LLC now owns 2,088,500 shares of the company’s stock valued at $60,566,000 after purchasing an additional 124,855 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in Pinterest by 31.7% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 532,296 shares of the company’s stock valued at $15,437,000 after purchasing an additional 128,000 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total transaction of $365,586.84. Following the completion of the transaction, the insider now directly owns 246,921 shares of the company’s stock, valued at approximately $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were 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. 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 ninety days, insiders sold 19,157 shares of company stock valued at $600,010. Insiders own 7.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PINS shares. TD Cowen started coverage on Pinterest in a report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 price objective for the company. Wells Fargo & Company upped their price objective on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a report on Monday, January 13th. UBS Group dropped their price objective on Pinterest from $52.00 to $46.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, KeyCorp upped their price objective on Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Stock Performance

NYSE:PINS opened at $37.68 on Monday. The stock has a 50-day simple moving average of $32.92 and a 200 day simple moving average of $31.88. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The company has a market cap of $25.55 billion, a PE ratio of 14.01, a PEG ratio of 1.95 and a beta of 1.06.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. On average, research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

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.