Amalgamated Bank Buys 372 Shares of Pinterest, Inc. (NYSE:PINS)

Amalgamated Bank increased its stake in Pinterest, Inc. (NYSE:PINS) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,792 shares of the company’s stock after buying an additional 372 shares during the quarter. Amalgamated Bank’s holdings in Pinterest were worth $1,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of PINS. GAMMA Investing LLC lifted its holdings in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares during the last quarter. Crewe Advisors LLC lifted its stake in Pinterest by 91.1% in the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after purchasing an additional 550 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Pinterest by 8,261.1% during the third quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock valued at $49,000 after buying an additional 1,487 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock valued at $50,000 after buying an additional 590 shares during the period. Finally, Manchester Capital Management LLC raised its holdings in shares of Pinterest by 17,692.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,313 shares of the company’s stock worth $67,000 after buying an additional 2,300 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pinterest

In other news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $30.43, for a total transaction of $34,994.50. Following the sale, the director now directly owns 30,236 shares in the company, valued at $920,081.48. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total value of $137,365.82. Following the completion of the transaction, the chief accounting officer now directly owns 144,129 shares of the company’s stock, valued at $5,399,072.34. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,117 shares of company stock valued at $253,056 in the last 90 days. 7.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PINS shares. Cantor Fitzgerald boosted their target price on shares of Pinterest from $36.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Rosenblatt Securities boosted their price target on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, February 7th. Roth Mkm cut their price target on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group raised their target price on shares of Pinterest from $42.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $32.00 price objective (down from $40.00) on shares of Pinterest in a report on Monday, January 13th. Eight analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Stock Performance

NYSE:PINS opened at $35.57 on Tuesday. The firm’s fifty day moving average is $33.71 and its two-hundred day moving average is $32.18. The firm has a market cap of $24.12 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 1.95 and a beta of 1.06. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19.

Pinterest (NYSE:PINS) last issued its earnings results on Thursday, February 6th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. As a group, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal 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.