Baker Ellis Asset Management LLC Sells 1,000 Shares of Pinterest, Inc. (NYSE:PINS)

Baker Ellis Asset Management LLC decreased its stake in shares of Pinterest, Inc. (NYSE:PINS) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the company’s stock after selling 1,000 shares during the period. Baker Ellis Asset Management LLC’s holdings in Pinterest were worth $208,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. acquired a new position in Pinterest during the first quarter worth $204,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Pinterest by 12.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,636 shares of the company’s stock worth $958,000 after purchasing an additional 3,101 shares during the last quarter. Eagle Rock Investment Company LLC lifted its stake in Pinterest by 16.2% in the first quarter. Eagle Rock Investment Company LLC now owns 53,885 shares of the company’s stock valued at $1,868,000 after acquiring an additional 7,500 shares during the last quarter. First Financial Corp IN acquired a new stake in Pinterest in the first quarter valued at $53,000. Finally, Radnor Capital Management LLC lifted its stake in Pinterest by 78.5% in the first quarter. Radnor Capital Management LLC now owns 29,740 shares of the company’s stock valued at $1,031,000 after acquiring an additional 13,080 shares during the last quarter. Institutional investors own 88.81% of the company’s stock.

Wall Street Analysts Forecast Growth

PINS has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Pinterest from $42.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Wedbush increased their price target on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Benchmark reiterated a “hold” rating on shares of Pinterest in a research note on Wednesday, May 1st. BMO Capital Markets increased their price target on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Eight investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.37.

Pinterest Stock Down 0.1 %

PINS stock opened at $44.07 on Friday. Pinterest, Inc. has a 12 month low of $23.59 and a 12 month high of $45.19. The firm has a market cap of $30.11 billion, a P/E ratio of 209.87, a P/E/G ratio of 4.32 and a beta of 0.97. The company’s 50-day moving average price is $41.22 and its two-hundred day moving average price is $37.89.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, April 30th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.05. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The firm had revenue of $739.98 million for the quarter, compared to analyst estimates of $699.96 million. Equities analysts predict that Pinterest, Inc. will post 0.44 EPS for the current year.

Insider Buying and Selling at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 2,564 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $45.00, for a total value of $115,380.00. Following the transaction, the chief accounting officer now directly owns 186,906 shares of the company’s stock, valued at approximately $8,410,770. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $33.34, for a total transaction of $64,479.56. Following the sale, the director now directly owns 31,646 shares of the company’s stock, valued at approximately $1,055,077.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Andrea Acosta sold 2,564 shares of Pinterest stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $45.00, for a total transaction of $115,380.00. Following the sale, the chief accounting officer now directly owns 186,906 shares in the company, valued at $8,410,770. The disclosure for this sale can be found here. Insiders have sold a total of 41,904 shares of company stock valued at $1,613,557 in the last ninety days. 7.11% of the stock is currently owned by company insiders.

Pinterest Company 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.