Compass Wealth Management LLC boosted its holdings in Pinterest, Inc. (NYSE:PINS – Free Report) by 9.7% in the third quarter, Holdings Channel reports. The institutional investor owned 161,140 shares of the company’s stock after buying an additional 14,225 shares during the period. Pinterest accounts for approximately 1.2% of Compass Wealth Management LLC’s holdings, making the stock its 29th largest position. Compass Wealth Management LLC’s holdings in Pinterest were worth $5,216,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in PINS. Brown Shipley& Co Ltd bought a new position in Pinterest in the 2nd quarter valued at approximately $25,000. Wellington Shields Capital Management LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $26,000. Hexagon Capital Partners LLC increased its position in Pinterest by 157.7% during the 2nd quarter. Hexagon Capital Partners LLC now owns 750 shares of the company’s stock valued at $33,000 after purchasing an additional 459 shares during the period. GAMMA Investing LLC increased its position in Pinterest by 113.4% during the 2nd quarter. GAMMA Investing LLC now owns 762 shares of the company’s stock valued at $34,000 after purchasing an additional 405 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Pinterest during the 2nd quarter valued at approximately $35,000. Institutional investors own 88.81% of the company’s stock.
Insider Activity at Pinterest
In related news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.72, for a total transaction of $990,761.60. Following the completion of the transaction, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.11% of the stock is owned by company insiders.
Analysts Set New Price Targets
View Our Latest Stock Analysis on PINS
Pinterest Price Performance
Shares of NYSE PINS traded up $0.16 during mid-day trading on Thursday, reaching $33.53. 2,665,471 shares of the company’s stock were exchanged, compared to its average volume of 9,385,303. The firm has a market capitalization of $22.91 billion, a price-to-earnings ratio of 158.52, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. The firm has a 50-day moving average price of $31.35 and a two-hundred day moving average price of $36.53. Pinterest, Inc. has a 52 week low of $23.59 and a 52 week high of $45.19.
Pinterest (NYSE:PINS – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $853.68 million during the quarter, compared to analyst estimates of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, sell-side analysts forecast that Pinterest, Inc. will post 0.39 EPS for the current fiscal year.
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.
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