PFG Investments LLC Has $326,000 Stock Position in Pinterest, Inc. (NYSE:PINS)

PFG Investments LLC lowered its stake in Pinterest, Inc. (NYSE:PINS) by 5.8% during the third quarter, Holdings Channel reports. The institutional investor owned 10,059 shares of the company’s stock after selling 614 shares during the period. PFG Investments LLC’s holdings in Pinterest were worth $326,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brown Shipley& Co Ltd acquired a new position in Pinterest in the 2nd quarter valued at about $25,000. Wellington Shields Capital Management LLC acquired a new position in Pinterest in the 2nd quarter valued at about $26,000. Hexagon Capital Partners LLC grew its stake in Pinterest by 157.7% in the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after buying an additional 459 shares during the last quarter. GAMMA Investing LLC grew its stake in Pinterest by 113.4% in the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after buying an additional 405 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Pinterest during the 2nd quarter worth approximately $35,000. Institutional investors and hedge funds own 88.81% of the company’s stock.

Insider Activity

In other news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the sale, the chief financial officer now owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.72, for a total value of $990,761.60. Following the completion of the sale, the chief financial officer now owns 297,351 shares of the company’s stock, valued at approximately $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the sale, the director now owns 33,686 shares in the company, valued at approximately $1,129,154.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.11% of the company’s stock.

Pinterest Trading Up 0.5 %

NYSE PINS opened at $32.58 on Thursday. The firm has a market capitalization of $22.26 billion, a PE ratio of 155.14, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The business’s 50-day moving average price is $31.75 and its two-hundred day moving average price is $36.39. Pinterest, Inc. has a 12 month low of $27.00 and a 12 month high of $45.19.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PINS. Wells Fargo & Company decreased their target price on shares of Pinterest from $49.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Stifel Nicolaus decreased their target price on shares of Pinterest from $46.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Rosenblatt Securities restated a “buy” rating and set a $48.00 target price on shares of Pinterest in a research report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of Pinterest in a research report on Wednesday, July 31st. Finally, Evercore ISI decreased their target price on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and a consensus target price 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.