Daiwa Securities Group Inc. increased its stake in Pinterest, Inc. (NYSE:PINS – Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,196 shares of the company’s stock after purchasing an additional 600 shares during the period. Daiwa Securities Group Inc.’s holdings in Pinterest were worth $1,378,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Venture Visionary Partners LLC increased its position in shares of Pinterest by 0.7% in the fourth quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock worth $1,816,000 after purchasing an additional 324 shares during the period. Washington Trust Advisors Inc. boosted its stake in Pinterest by 46.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after buying an additional 326 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its stake in Pinterest by 0.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock valued at $1,701,000 after buying an additional 348 shares in the last quarter. Allworth Financial LP boosted its stake in Pinterest by 17.7% in the fourth quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock valued at $106,000 after buying an additional 430 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in Pinterest by 4.8% in the third quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock valued at $274,000 after buying an additional 466 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.
Insider Activity
In other news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Jeffrey D. Jordan sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 74,215 shares in the company, valued at $2,789,741.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 65,972 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the sale, the chief financial officer now owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. 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 quarter. 6.85% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Pinterest
Pinterest Trading Up 0.9 %
Shares of PINS stock opened at $33.02 on Wednesday. The stock has a 50 day simple moving average of $34.74 and a two-hundred day simple moving average of $34.12. Pinterest, Inc. has a fifty-two week low of $20.60 and a fifty-two week high of $41.60.
Pinterest (NYSE:PINS – Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 3.83% and a negative net margin of 1.17%. On average, analysts forecast that Pinterest, Inc. will post 0.36 earnings per share for the current year.
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.
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