Thompson Davis & CO. Inc. Buys New Shares in Pinterest, Inc. (NYSE:PINS)

Thompson Davis & CO. Inc. bought a new stake in Pinterest, Inc. (NYSE:PINS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,400 shares of the company’s stock, valued at approximately $311,000.

Several other hedge funds have also recently made changes to their positions in PINS. AE Wealth Management LLC grew its position in Pinterest by 28.3% during the 3rd quarter. AE Wealth Management LLC now owns 12,085 shares of the company’s stock worth $327,000 after purchasing an additional 2,662 shares during the period. Handelsbanken Fonder AB grew its position in Pinterest by 4.4% during the 3rd quarter. Handelsbanken Fonder AB now owns 281,156 shares of the company’s stock worth $7,600,000 after purchasing an additional 11,811 shares during the period. Simplicity Solutions LLC grew its position in Pinterest by 6.8% during the 3rd quarter. Simplicity Solutions LLC now owns 7,981 shares of the company’s stock worth $216,000 after purchasing an additional 510 shares during the period. Linden Thomas Advisory Services LLC grew its position in Pinterest by 87.0% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 31,111 shares of the company’s stock worth $841,000 after purchasing an additional 14,474 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Pinterest by 9.4% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 142,700 shares of the company’s stock worth $3,857,000 after purchasing an additional 12,300 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total value of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares in the company, valued at $1,055,077.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the completion of the transaction, the director now owns 31,646 shares in the company, valued at $1,055,077.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey D. Jordan sold 20,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the transaction, the director now owns 74,215 shares of the company’s stock, valued at approximately $2,789,741.85. The disclosure for this sale can be found here. Insiders sold a total of 184,471 shares of company stock worth $6,525,231 over the last 90 days. Corporate insiders own 7.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PINS shares. Argus raised Pinterest from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Thursday, January 18th. Roth Mkm raised their target price on Pinterest from $37.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Susquehanna raised their target price on Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. raised their target price on Pinterest from $34.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Rosenblatt Securities restated a “buy” rating and set a $45.00 target price on shares of Pinterest in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.39.

Pinterest Trading Down 0.9 %

Pinterest stock traded down $0.31 during trading on Tuesday, hitting $33.47. The company had a trading volume of 16,792,230 shares, compared to its average volume of 9,599,625. Pinterest, Inc. has a 1-year low of $20.60 and a 1-year high of $41.60. The company’s 50 day simple moving average is $34.53 and its 200-day simple moving average is $34.26. The stock has a market cap of $22.72 billion, a price-to-earnings ratio of -563.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. As a group, analysts forecast that Pinterest, Inc. will post 0.36 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.