Pinterest, Inc. (NYSE:PINS) Shares Bought by Blair William & Co. IL

Blair William & Co. IL raised its holdings in Pinterest, Inc. (NYSE:PINS) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,551 shares of the company’s stock after buying an additional 1,000 shares during the period. Blair William & Co. IL’s holdings in Pinterest were worth $885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Redwood Investment Management LLC raised its holdings in Pinterest by 3.2% in the 4th quarter. Redwood Investment Management LLC now owns 15,951 shares of the company’s stock valued at $463,000 after acquiring an additional 495 shares during the last quarter. NorthRock Partners LLC raised its holdings in Pinterest by 4.7% in the 1st quarter. NorthRock Partners LLC now owns 11,246 shares of the company’s stock valued at $349,000 after acquiring an additional 502 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its holdings in Pinterest by 22.2% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 3,300 shares of the company’s stock valued at $102,000 after acquiring an additional 600 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in Pinterest by 9.3% in the 4th quarter. EP Wealth Advisors LLC now owns 7,706 shares of the company’s stock valued at $223,000 after acquiring an additional 656 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in Pinterest by 1.5% in the 1st quarter. SteelPeak Wealth LLC now owns 46,613 shares of the company’s stock valued at $1,445,000 after acquiring an additional 670 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Price Performance

NYSE:PINS opened at $35.19 on Monday. The firm has a 50-day moving average of $36.01 and a two-hundred day moving average of $33.13. The stock has a market cap of $23.87 billion, a P/E ratio of 12.61, a PEG ratio of 1.76 and a beta of 0.78. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90.

Pinterest (NYSE:PINS) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $998.23 million during the quarter, compared to analysts’ expectations of $973.42 million. During the same period in the previous year, the company earned $0.29 earnings per share. The business’s quarterly revenue was up 16.9% on a year-over-year basis. As a group, equities analysts expect that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Insider Activity at Pinterest

In other news, Director Benjamin Silbermann sold 408,332 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the transaction, the director owned 6,274 shares of the company’s stock, valued at approximately $208,045.84. This trade represents a 98.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 1,502,611 shares of company stock worth $51,602,943 over the last quarter. Company insiders own 7.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PINS shares. Sanford C. Bernstein boosted their price target on Pinterest from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, July 22nd. Morgan Stanley upgraded Pinterest from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $37.00 to $45.00 in a report on Monday, July 21st. Benchmark boosted their price target on Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 24th. TD Cowen boosted their price objective on shares of Pinterest from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group lowered their price objective on shares of Pinterest from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

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.