Azzad Asset Management Inc. ADV Buys 753 Shares of Pinterest, Inc. (NYSE:PINS)

Azzad Asset Management Inc. ADV lifted its stake in shares of Pinterest, Inc. (NYSE:PINS) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,776 shares of the company’s stock after acquiring an additional 753 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Pinterest were worth $4,049,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Pinterest by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 56,348,952 shares of the company’s stock worth $2,087,165,000 after purchasing an additional 1,439,595 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Pinterest by 43.9% during the third quarter. Ameriprise Financial Inc. now owns 11,122,436 shares of the company’s stock valued at $300,639,000 after buying an additional 3,390,924 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Pinterest by 34.0% in the 4th quarter. Franklin Resources Inc. now owns 10,036,837 shares of the company’s stock valued at $371,764,000 after buying an additional 2,548,925 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Pinterest by 12.6% in the 4th quarter. Baillie Gifford & Co. now owns 9,305,759 shares of the company’s stock worth $344,685,000 after buying an additional 1,043,173 shares during the last quarter. Finally, Capital World Investors lifted its position in Pinterest by 0.7% during the fourth quarter. Capital World Investors now owns 8,887,130 shares of the company’s stock valued at $329,179,000 after acquiring an additional 64,270 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Wall Street Analyst Weigh In

PINS has been the subject of a number of research reports. BMO Capital Markets lifted their price target on Pinterest from $45.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Benchmark reiterated a “hold” rating on shares of Pinterest in a research report on Wednesday, May 1st. Stifel Nicolaus increased their price target on shares of Pinterest from $42.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their price objective 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. Finally, Wells Fargo & Company upped their price objective on shares of Pinterest from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.37.

Insider Transactions at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $44.38, for a total value of $1,343,826.40. Following the transaction, the chief financial officer now directly owns 362,822 shares of the company’s stock, valued at approximately $16,102,040.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Donnelly Julia Brau sold 30,280 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $44.38, for a total value of $1,343,826.40. Following the completion of the sale, the chief financial officer now owns 362,822 shares of the company’s stock, valued at $16,102,040.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Wanjiku Juanita Walcott sold 11,627 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $41.42, for a total transaction of $481,590.34. Following the sale, the insider now owns 307,256 shares of the company’s stock, valued at approximately $12,726,543.52. The disclosure for this sale can be found here. Insiders sold 52,184 shares of company stock valued at $2,255,783 over the last 90 days. 7.11% of the stock is currently owned by corporate insiders.

Pinterest Price Performance

Pinterest stock traded down $0.47 during midday trading on Wednesday, reaching $42.79. The company had a trading volume of 1,237,111 shares, compared to its average volume of 9,389,668. Pinterest, Inc. has a 12-month low of $23.59 and a 12-month high of $45.19. The firm’s fifty day simple moving average is $41.64 and its 200-day simple moving average is $38.00. The company has a market capitalization of $29.23 billion, a P/E ratio of 206.01, a P/E/G ratio of 4.32 and a beta of 0.97.

Pinterest (NYSE:PINS) last issued its quarterly earnings results on Tuesday, April 30th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.05. Pinterest had a return on equity of 5.93% and a net margin of 4.64%. The firm had revenue of $739.98 million for the quarter, compared to analyst estimates of $699.96 million. On average, analysts expect that Pinterest, Inc. will post 0.44 EPS for the current fiscal year.

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.