Creative Financial Designs Inc. ADV Buys 2,138 Shares of Pinterest, Inc. (NYSE:PINS)

Creative Financial Designs Inc. ADV increased its stake in Pinterest, Inc. (NYSE:PINS) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,712 shares of the company’s stock after purchasing an additional 2,138 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Pinterest were worth $1,500,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Whipplewood Advisors LLC bought a new position in Pinterest in the fourth quarter valued at about $28,000. GAMMA Investing LLC grew its position in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock valued at $31,000 after acquiring an additional 415 shares during the last quarter. Crewe Advisors LLC boosted its stake in shares of Pinterest by 91.1% during the third quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock valued at $37,000 after purchasing an additional 550 shares in the last quarter. True Wealth Design LLC boosted its stake 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 purchasing an additional 1,487 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake 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 purchasing an additional 590 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Analysts Set New Price Targets

PINS has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on Pinterest from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Oppenheimer lifted their price target on Pinterest from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Rosenblatt Securities lifted their price target on Pinterest from $46.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, February 7th. KeyCorp lifted their price target on Pinterest from $37.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $32.00 price objective (down from $40.00) on shares of Pinterest in a research note on Monday, January 13th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.47.

Pinterest Price Performance

Shares of NYSE PINS opened at $32.03 on Tuesday. Pinterest, Inc. has a one year low of $27.00 and a one year high of $45.19. The business’s fifty day moving average price is $34.34 and its 200-day moving average price is $32.29. The stock has a market capitalization of $21.72 billion, a PE ratio of 11.91, a P/E/G ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS) last issued its quarterly 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 net margin of 51.07% and a return on equity of 8.10%. As a group, equities analysts expect that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity

In related news, insider Wanjiku Juanita Walcott sold 6,690 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $32.85, for a total transaction of $219,766.50. Following the sale, the insider now owns 254,211 shares of the company’s stock, valued at approximately $8,350,831.35. This represents a 2.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $30.98, for a total value of $35,627.00. Following the sale, the director now directly owns 31,386 shares in the company, valued at $972,338.28. This trade represents a 3.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,879 shares of company stock valued at $3,653,577 in the last 90 days. Insiders own 7.11% of the company’s stock.

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.