Pinterest, Inc. (NYSE:PINS) Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its stake in Pinterest, Inc. (NYSE:PINS) by 51.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,732 shares of the company’s stock after acquiring an additional 1,937 shares during the quarter. First Horizon Advisors Inc.’s holdings in Pinterest were worth $212,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. ARK Investment Management LLC lifted its stake in Pinterest by 152.3% during the fourth quarter. ARK Investment Management LLC now owns 1,444,579 shares of the company’s stock worth $53,507,000 after purchasing an additional 872,016 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Pinterest by 57.9% during the 4th quarter. Nordea Investment Management AB now owns 882,233 shares of the company’s stock valued at $32,766,000 after acquiring an additional 323,547 shares during the period. International Assets Investment Management LLC grew its position in Pinterest by 3,402.0% in the 4th quarter. International Assets Investment Management LLC now owns 80,266 shares of the company’s stock valued at $2,973,000 after acquiring an additional 77,974 shares in the last quarter. Acadian Asset Management LLC grew its position in Pinterest by 53.1% in the 3rd quarter. Acadian Asset Management LLC now owns 3,138,973 shares of the company’s stock valued at $84,826,000 after acquiring an additional 1,089,299 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Pinterest by 55.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 174,870 shares of the company’s stock worth $6,477,000 after purchasing an additional 62,117 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Pinterest Stock Down 0.2 %

NYSE PINS opened at $40.41 on Monday. The firm has a market cap of $27.61 billion, a P/E ratio of 192.44, a P/E/G ratio of 4.02 and a beta of 0.99. Pinterest, Inc. has a 52-week low of $20.60 and a 52-week high of $41.60. The business’s 50-day moving average price is $34.79 and its 200 day moving average price is $34.58.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The business had revenue of $981.26 million for the quarter, compared to analyst estimates of $988.62 million. As a group, analysts anticipate that Pinterest, Inc. will post 0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PINS. Wells Fargo & Company lifted their price objective on shares of Pinterest from $47.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Sanford C. Bernstein upped their price objective on Pinterest from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 1st. Susquehanna lifted their target price on Pinterest from $35.00 to $45.00 and gave the company a “positive” rating in a report on Friday, February 9th. Stifel Nicolaus upped their price target on Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Eight equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Pinterest has a consensus rating of “Moderate Buy” and a consensus price target of $40.82.

Insider Buying and Selling

In other Pinterest news, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares in the company, valued at $13,521,174.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Sabrina Ellis sold 24,410 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the transaction, the insider now owns 500,504 shares in the company, valued at $17,762,886.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Donnelly Julia Brau sold 65,972 shares of Pinterest stock in a transaction on Monday, March 11th. The stock was sold at an average price of $34.42, for a total value of $2,270,756.24. Following the transaction, the chief financial officer now directly owns 392,829 shares of the company’s stock, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. Insiders have sold 164,471 shares of company stock valued at $5,773,431 over the last quarter. Company 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.