Pinterest, Inc. (NYSE:PINS) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 1,045.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,941 shares of the company’s stock after acquiring an additional 3,597 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Pinterest were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Stephens Inc. AR grew its position in Pinterest by 10.6% in the third quarter. Stephens Inc. AR now owns 28,200 shares of the company’s stock valued at $913,000 after acquiring an additional 2,695 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Pinterest by 30.5% in the third quarter. Van ECK Associates Corp now owns 83,418 shares of the company’s stock valued at $2,631,000 after purchasing an additional 19,508 shares during the period. National Pension Service grew its holdings in Pinterest by 11.6% during the 3rd quarter. National Pension Service now owns 1,043,516 shares of the company’s stock valued at $33,779,000 after purchasing an additional 108,481 shares in the last quarter. Impax Asset Management Group plc increased its stake in Pinterest by 26.1% during the 3rd quarter. Impax Asset Management Group plc now owns 50,437 shares of the company’s stock worth $1,633,000 after buying an additional 10,437 shares during the period. Finally, United Advisor Group LLC lifted its holdings in Pinterest by 240.5% in the 3rd quarter. United Advisor Group LLC now owns 16,329 shares of the company’s stock worth $529,000 after buying an additional 11,534 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on PINS shares. Wedbush raised their target price on Pinterest from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Raymond James increased their price target on Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Roth Capital set a $32.00 price objective on Pinterest in a report on Monday, February 3rd. Morgan Stanley increased their target price on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, KeyCorp raised their price target on shares of Pinterest from $37.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Stock Performance

Pinterest stock opened at $36.22 on Thursday. The firm has a market capitalization of $24.56 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.95 and a beta of 1.02. The company has a 50-day simple moving average of $33.94 and a 200-day simple moving average of $32.24. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

Pinterest (NYSE:PINS) last announced 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%. As a group, sell-side analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Pinterest

In related news, CAO Andrea Acosta sold 3,667 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now owns 144,129 shares in the company, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total transaction of $34,994.50. Following the transaction, the director now directly owns 30,236 shares in the company, valued at approximately $920,081.48. The trade was a 3.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,117 shares of company stock worth $253,056 in the last three months. 7.11% of the stock is owned by company 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.