Pinterest, Inc. (NYSE:PINS) Shares Acquired by nVerses Capital LLC

nVerses Capital LLC lifted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 51.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,700 shares of the company’s stock after purchasing an additional 7,000 shares during the period. nVerses Capital LLC’s holdings in Pinterest were worth $670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Pinterest by 13.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 447,148 shares of the company’s stock valued at $15,598,000 after acquiring an additional 51,455 shares during the last quarter. Deltec Asset Management LLC acquired a new position in Pinterest in the first quarter valued at approximately $6,449,000. Russell Investments Group Ltd. lifted its holdings in Pinterest by 38.0% in the first quarter. Russell Investments Group Ltd. now owns 613,564 shares of the company’s stock valued at $21,358,000 after acquiring an additional 169,052 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Pinterest in the second quarter valued at approximately $5,045,000. Finally, Quantbot Technologies LP raised its position in Pinterest by 217.8% in the second quarter. Quantbot Technologies LP now owns 118,749 shares of the company’s stock valued at $5,233,000 after purchasing an additional 81,380 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Down 0.2 %

NYSE:PINS traded down $0.08 during trading hours on Thursday, hitting $33.29. The company’s stock had a trading volume of 1,101,196 shares, compared to its average volume of 9,377,521. The stock has a market capitalization of $22.74 billion, a P/E ratio of 158.95, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. The stock has a fifty day moving average of $31.35 and a 200-day moving average of $36.53. Pinterest, Inc. has a 52-week low of $23.59 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.01. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The company had revenue of $853.68 million during the quarter, compared to the consensus estimate of $848.75 million. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Pinterest’s revenue for the quarter was up 20.6% on a year-over-year basis. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.39 earnings per share for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.11% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

PINS has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $48.00 target price on shares of Pinterest in a research report on Thursday, September 12th. Wells Fargo & Company cut their target price on Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Oppenheimer initiated coverage on Pinterest in a research report on Tuesday, September 24th. They issued an “outperform” rating and a $45.00 target price on the stock. Wolfe Research initiated coverage on Pinterest in a research report on Tuesday, July 16th. They issued a “peer perform” rating on the stock. Finally, Raymond James cut their target price on Pinterest from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat, Pinterest presently has a consensus rating of “Moderate Buy” and an average price target of $43.32.

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.