20,938 Shares in Pinterest, Inc. (NYSE:PINS) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in Pinterest, Inc. (NYSE:PINS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,938 shares of the company’s stock, valued at approximately $726,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ontario Teachers Pension Plan Board boosted its holdings in shares of Pinterest by 48.7% in the first quarter. Ontario Teachers Pension Plan Board now owns 37,022 shares of the company’s stock worth $1,284,000 after buying an additional 12,124 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Pinterest by 10.8% in the first quarter. Acadian Asset Management LLC now owns 4,289,386 shares of the company’s stock worth $148,690,000 after buying an additional 418,333 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Pinterest by 1.8% in the first quarter. Vanguard Group Inc. now owns 57,343,800 shares of the company’s stock worth $1,988,110,000 after buying an additional 994,848 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Pinterest by 13.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 447,148 shares of the company’s stock valued at $15,598,000 after purchasing an additional 51,455 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its holdings in Pinterest by 80.0% during the first quarter. Jupiter Asset Management Ltd. now owns 633,278 shares of the company’s stock valued at $21,956,000 after purchasing an additional 281,451 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Pinterest from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Morgan Stanley lifted their price target on shares of Pinterest from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $48.00 price target (up previously from $45.00) on shares of Pinterest in a report on Wednesday, May 1st. Sanford C. Bernstein lifted their price target on shares of Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Finally, Roth Mkm lifted their price target on shares of Pinterest from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.52.

Insider Buying and Selling at Pinterest

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,627 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total transaction of $481,590.34. Following the transaction, the insider now owns 307,256 shares in the company, valued at $12,726,543.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Wanjiku Juanita Walcott sold 11,627 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total transaction of $481,590.34. Following the completion of the sale, the insider now directly owns 307,256 shares of the company’s stock, valued at $12,726,543.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $42.25, for a total transaction of $81,711.50. Following the sale, the director now directly owns 29,712 shares of the company’s stock, valued at $1,255,332. The disclosure for this sale can be found here. Insiders have sold 50,250 shares of company stock worth $2,191,304 over the last quarter. Insiders own 7.11% of the company’s stock.

Pinterest Trading Down 4.0 %

PINS traded down $1.63 during trading hours on Wednesday, hitting $39.19. The company’s stock had a trading volume of 4,101,887 shares, compared to its average volume of 9,140,245. The business’s 50-day moving average price is $42.57 and its 200-day moving average price is $38.51. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.19. The stock has a market cap of $26.77 billion, a price-to-earnings ratio of 194.33, a P/E/G ratio of 4.01 and a beta of 0.97.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The business had revenue of $739.98 million for the quarter, compared to analysts’ expectations of $699.96 million. On average, analysts forecast that Pinterest, Inc. will post 0.44 earnings per share for the current 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.