Russell Investments Group Ltd. Acquires 68,414 Shares of Pinterest, Inc. (NYSE:PINS)

Russell Investments Group Ltd. grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 18.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 444,512 shares of the company’s stock after buying an additional 68,414 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of Pinterest worth $16,540,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. ARK Investment Management LLC boosted its holdings in Pinterest by 152.3% in the fourth quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock worth $53,507,000 after acquiring an additional 872,016 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Pinterest by 57.9% during the fourth quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock valued at $32,766,000 after buying an additional 323,547 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Pinterest by 3,402.0% during the fourth quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock worth $2,973,000 after acquiring an additional 77,974 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Pinterest by 53.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock worth $84,826,000 after acquiring an additional 1,089,299 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Pinterest by 55.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock valued at $6,477,000 after acquiring an additional 62,117 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Price Performance

Shares of PINS stock opened at $40.40 on Friday. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 192.39, a PEG ratio of 4.65 and a beta of 0.99. The company’s fifty day simple moving average is $34.79 and its two-hundred day simple moving average is $34.48. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The company had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. Equities research analysts anticipate that Pinterest, Inc. will post 0.37 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PINS. KeyCorp decreased their price objective on Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. JPMorgan Chase & Co. increased their price target on Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday. Sanford C. Bernstein lifted their price objective on shares of Pinterest from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Wednesday. Susquehanna increased their target price on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a report on Friday, February 9th. Finally, Evercore ISI raised their price target on shares of Pinterest from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Pinterest presently has an average rating of “Moderate Buy” and an average target price of $40.82.

Insider Activity

In related news, CFO Donnelly Julia Brau sold 65,972 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares of the company’s stock, valued at $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest stock in a transaction 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 of the company’s stock, valued at $13,521,174.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gokul Rajaram sold 1,934 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $34.10, for a total value of $65,949.40. Following the transaction, the director now owns 33,580 shares of the company’s stock, valued at $1,145,078. The disclosure for this sale can be found here. Insiders have sold a total of 164,471 shares of company stock worth $5,773,431 over the last ninety days. Company insiders own 7.11% of the company’s stock.

About Pinterest

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.