6,940 Shares in Pinterest, Inc. (NYSE:PINS) Acquired by &Partners

&Partners purchased a new stake in shares of Pinterest, Inc. (NYSE:PINS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,940 shares of the company’s stock, valued at approximately $306,000.

A number of other institutional investors also recently modified their holdings of the company. Corient Private Wealth LLC lifted its position in shares of Pinterest by 56.7% during the 4th quarter. Corient Private Wealth LLC now owns 96,380 shares of the company’s stock worth $3,570,000 after purchasing an additional 34,876 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Pinterest by 13.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 447,148 shares of the company’s stock worth $15,598,000 after buying an additional 51,455 shares during the last quarter. Contrarius Investment Management Ltd boosted its position in shares of Pinterest by 300.0% in the fourth quarter. Contrarius Investment Management Ltd now owns 1,722,412 shares of the company’s stock valued at $63,798,000 after acquiring an additional 1,291,854 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Pinterest by 10.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 231,822 shares of the company’s stock worth $8,586,000 after acquiring an additional 22,101 shares during the last quarter. Finally, Deltec Asset Management LLC bought a new position in Pinterest during the first quarter worth $6,449,000. Institutional investors own 88.81% of the company’s stock.

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,845 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $43.90, for a total value of $168,795.50. Following the transaction, the chief accounting officer now directly owns 189,470 shares of the company’s stock, valued at $8,317,733. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Wanjiku Juanita Walcott sold 11,627 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $41.42, for a total value of $481,590.34. Following the completion of the transaction, the insider now owns 307,256 shares of the company’s stock, valued at approximately $12,726,543.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Andrea Acosta sold 3,845 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $43.90, for a total transaction of $168,795.50. Following the completion of the sale, the chief accounting officer now owns 189,470 shares of the company’s stock, valued at approximately $8,317,733. The disclosure for this sale can be found here. Insiders sold a total of 48,316 shares of company stock worth $2,109,592 in the last quarter. 7.11% of the stock is owned by company insiders.

Pinterest Stock Up 1.0 %

Shares of NYSE:PINS opened at $32.34 on Monday. 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 $22.09 billion, a P/E ratio of 154.00, a P/E/G ratio of 3.45 and a beta of 0.97. The company’s 50-day moving average price is $37.84 and its two-hundred day moving average price is $37.59.

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

Analyst Ratings Changes

A number of analysts have weighed in on PINS shares. Morgan Stanley increased their price target on shares of Pinterest from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Robert W. Baird reduced their target price on shares of Pinterest from $44.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on Pinterest from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Sanford C. Bernstein upped their price target on Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Finally, Loop Capital lifted their price objective on Pinterest from $43.00 to $49.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Eight analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.71.

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.