Pinterest, Inc. $PINS Shares Sold by Strs Ohio

Strs Ohio cut its stake in shares of Pinterest, Inc. (NYSE:PINS) by 54.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,812 shares of the company’s stock after selling 262,188 shares during the quarter. Strs Ohio’s holdings in Pinterest were worth $7,990,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PINS. West Branch Capital LLC acquired a new position in Pinterest during the 2nd quarter valued at approximately $36,000. Mather Group LLC. boosted its holdings in shares of Pinterest by 133.5% during the first quarter. Mather Group LLC. now owns 1,310 shares of the company’s stock valued at $41,000 after acquiring an additional 749 shares during the period. LRI Investments LLC boosted its holdings in shares of Pinterest by 97.7% during the first quarter. LRI Investments LLC now owns 1,374 shares of the company’s stock valued at $43,000 after acquiring an additional 679 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Pinterest by 138.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,586 shares of the company’s stock valued at $57,000 after acquiring an additional 922 shares during the period. Finally, Whittier Trust Co. boosted its holdings in shares of Pinterest by 798.4% during the first quarter. Whittier Trust Co. now owns 1,707 shares of the company’s stock valued at $53,000 after acquiring an additional 1,517 shares during the period. 88.81% of the stock is owned by institutional investors.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total value of $3,558,613.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the sale, the chief accounting officer directly owned 157,402 shares of the company’s stock, valued at $5,502,773.92. The trade was a 2.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 640,236 shares of company stock worth $22,878,326. Corporate insiders own 7.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PINS. Bank of America boosted their target price on shares of Pinterest from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 8th. TD Cowen boosted their price objective on Pinterest from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday, July 15th. Monness Crespi & Hardt boosted their price objective on Pinterest from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Cowen reiterated a “buy” rating on shares of Pinterest in a research report on Friday, August 8th. Finally, KeyCorp boosted their price target on Pinterest from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

Pinterest Price Performance

PINS opened at $33.08 on Friday. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.44 and a beta of 0.81. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $40.90. The business has a 50 day moving average price of $34.29 and a two-hundred day moving average price of $33.70.

Pinterest (NYSE:PINS) last released its earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $665.93 million during the quarter. Pinterest had a return on equity of 8.44% and a net margin of 49.31%. Equities analysts expect that Pinterest, Inc. will post 0.6 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.