Dynamic Technology Lab Private Ltd Acquires 9,074 Shares of Pinterest, Inc. (NYSE:PINS)

Dynamic Technology Lab Private Ltd grew its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 32.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,299 shares of the company’s stock after acquiring an additional 9,074 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Pinterest were worth $1,082,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. bought a new position in Pinterest in the 4th quarter valued at approximately $4,996,000. ExodusPoint Capital Management LP bought a new position in shares of Pinterest in the 4th quarter valued at $2,844,000. Motley Fool Asset Management LLC boosted its holdings in shares of Pinterest by 15.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 15,803 shares of the company’s stock valued at $458,000 after acquiring an additional 2,100 shares in the last quarter. Westpac Banking Corp grew its position in Pinterest by 34.6% during the 4th quarter. Westpac Banking Corp now owns 34,595 shares of the company’s stock worth $1,003,000 after acquiring an additional 8,893 shares during the last quarter. Finally, Huntington National Bank increased its holdings in Pinterest by 484.1% in the 4th quarter. Huntington National Bank now owns 2,027 shares of the company’s stock worth $59,000 after purchasing an additional 1,680 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Pinterest Trading Down 6.3 %

PINS opened at $25.78 on Friday. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 1.95 and a beta of 0.99. The company’s fifty day moving average price is $34.40 and its two-hundred day moving average price is $32.40. Pinterest, Inc. has a 1-year low of $24.91 and a 1-year high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share 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, equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group reissued a “hold” rating and set a $32.00 price target (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Raymond James boosted their target price on shares of Pinterest from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. The Goldman Sachs Group raised their price target on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Roth Capital set a $32.00 price target on shares of Pinterest in a report on Monday, February 3rd. Finally, Barclays increased their price objective on Pinterest from $36.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Insider Buying and Selling

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $30.43, for a total value of $34,994.50. Following the completion of the sale, the director now directly owns 30,236 shares of the company’s stock, valued at approximately $920,081.48. This represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares in the company, valued at approximately $5,399,072.34. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 453,836 shares of company stock worth $14,832,336. 7.11% of the stock is owned by corporate insiders.

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.