Pinterest, Inc. (NYSE:PINS) Shares Sold by Brighton Jones LLC

Brighton Jones LLC reduced its stake in shares of Pinterest, Inc. (NYSE:PINS) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,629 shares of the company’s stock after selling 992 shares during the quarter. Brighton Jones LLC’s holdings in Pinterest were worth $357,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Venture Visionary Partners LLC increased its position in shares of Pinterest by 0.7% during the 4th quarter. Venture Visionary Partners LLC now owns 49,028 shares of the company’s stock valued at $1,816,000 after purchasing an additional 324 shares during the period. Washington Trust Advisors Inc. lifted its holdings in Pinterest by 46.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after acquiring an additional 326 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Pinterest by 0.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 45,922 shares of the company’s stock valued at $1,701,000 after purchasing an additional 348 shares in the last quarter. Allworth Financial LP grew its stake in shares of Pinterest by 17.7% in the 4th quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock worth $106,000 after purchasing an additional 430 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Pinterest by 4.8% in the 3rd quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock worth $274,000 after purchasing an additional 466 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Trading Up 0.1 %

Shares of NYSE:PINS opened at $40.52 on Friday. The stock has a market capitalization of $27.51 billion, a PE ratio of 192.96, a P/E/G ratio of 5.55 and a beta of 0.99. Pinterest, Inc. has a 1 year low of $20.60 and a 1 year high of $41.60. The firm has a fifty day moving average price of $34.70 and a 200 day moving average price of $34.44.

Pinterest (NYSE:PINS) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $981.26 million during the quarter, compared to the consensus estimate of $988.62 million. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. On average, sell-side analysts forecast that Pinterest, Inc. will post 0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. KeyCorp dropped their price target on Pinterest from $48.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Sanford C. Bernstein increased their price target on Pinterest from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on Pinterest from $47.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday. BMO Capital Markets upped their price objective on shares of Pinterest from $45.00 to $46.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Citigroup lifted their target price on shares of Pinterest from $48.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Pinterest has a consensus rating of “Moderate Buy” and an average target price of $40.82.

Insiders Place Their Bets

In other news, insider Sabrina Ellis sold 24,410 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the sale, the insider now directly owns 500,504 shares in the company, valued at $17,762,886.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Pinterest news, Director Gokul Rajaram sold 1,934 shares of Pinterest stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $33.34, for a total value of $64,479.56. Following the transaction, 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 document filed with the SEC, which is accessible through this link. Also, insider Sabrina Ellis sold 24,410 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the completion of the sale, the insider now directly owns 500,504 shares of the company’s stock, valued at $17,762,886.96. The disclosure for this sale can be found here. Insiders sold 164,471 shares of company stock valued at $5,773,431 over the last 90 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.