Pinterest, Inc. (NYSE:PINS) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich lifted its stake in Pinterest, Inc. (NYSE:PINS) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,865 shares of the company’s stock after purchasing an additional 10,655 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Pinterest were worth $1,773,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pittenger & Anderson Inc. acquired a new stake in shares of Pinterest in the fourth quarter valued at about $421,000. Tokio Marine Asset Management Co. Ltd. raised its position in Pinterest by 3.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,427 shares of the company’s stock worth $608,000 after acquiring an additional 583 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Pinterest during the fourth quarter worth about $43,000. Yousif Capital Management LLC acquired a new position in Pinterest during the fourth quarter worth about $257,000. Finally, GAMMA Investing LLC acquired a new position in Pinterest during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Roth Mkm lifted their target price on shares of Pinterest from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. KeyCorp cut their target price on shares of Pinterest from $48.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Pinterest from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Susquehanna boosted their price objective on shares of Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a research report on Friday, February 9th. Finally, Evercore ISI boosted their price objective 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. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.68.

Pinterest Price Performance

PINS opened at $33.97 on Friday. The stock has a market capitalization of $23.06 billion, a PE ratio of -566.07, a P/E/G ratio of 4.47 and a beta of 0.99. The firm’s fifty day moving average price is $34.56 and its 200 day moving average price is $34.14. Pinterest, Inc. has a 12-month low of $20.60 and a 12-month high of $41.60.

Pinterest (NYSE:PINS) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.04. The firm had revenue of $981.26 million for the quarter, compared to analysts’ expectations of $988.62 million. Pinterest had a negative net margin of 1.17% and a positive return on equity of 3.83%. On average, equities research analysts forecast that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Insider Activity at Pinterest

In related news, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the sale, the insider now directly owns 500,504 shares of the company’s stock, valued at $17,762,886.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Jeffrey D. Jordan sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $37.59, for a total transaction of $751,800.00. Following the completion of the transaction, the director now owns 74,215 shares in the company, valued at $2,789,741.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total transaction of $866,310.90. Following the transaction, the insider now owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The disclosure for this sale can be found here. Insiders have sold 184,471 shares of company stock valued at $6,525,231 over the last ninety days. Corporate insiders own 6.85% 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.