Amalgamated Bank reduced its position in Pinterest, Inc. (NYSE:PINS – Free Report) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,631 shares of the company’s stock after selling 5,965 shares during the period. Amalgamated Bank’s holdings in Pinterest were worth $2,875,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Venture Visionary Partners LLC grew its position in Pinterest by 0.7% during the fourth 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 in the last quarter. Washington Trust Advisors Inc. grew its position in Pinterest by 46.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 1,035 shares of the company’s stock valued at $38,000 after purchasing an additional 326 shares in the last quarter. Creative Financial Designs Inc. ADV grew its position in Pinterest by 0.8% during the fourth 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 position in Pinterest by 17.7% during the fourth quarter. Allworth Financial LP now owns 2,856 shares of the company’s stock valued at $106,000 after purchasing an additional 430 shares in the last quarter. Finally, Blair William & Co. IL grew its position in Pinterest by 4.8% during the third quarter. Blair William & Co. IL now owns 10,139 shares of the company’s stock valued at $274,000 after purchasing an additional 466 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.
Pinterest Price Performance
NYSE:PINS opened at $42.01 on Friday. The stock has a market cap of $28.70 billion, a P/E ratio of 200.03, a PEG ratio of 4.25 and a beta of 0.99. Pinterest, Inc. has a one year low of $21.02 and a one year high of $42.95. The company has a fifty day moving average price of $35.40 and a 200 day moving average price of $35.01.
Pinterest (NYSE:PINS – Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Pinterest had a net margin of 4.64% and a return on equity of 5.93%. The company had revenue of $981.26 million during the quarter, compared to analysts’ expectations of $988.62 million. As a group, equities research analysts anticipate that Pinterest, Inc. will post 0.43 EPS for the current year.
Insider Activity
In other news, CFO Donnelly Julia Brau sold 65,972 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $34.42, for a total value of $2,270,756.24. Following the completion of the transaction, the chief financial officer now owns 392,829 shares in the company, valued at approximately $13,521,174.18. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Sabrina Ellis sold 24,410 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $35.49, for a total value of $866,310.90. Following the sale, the insider now owns 500,504 shares of the company’s stock, valued at approximately $17,762,886.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Donnelly Julia Brau sold 65,972 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $34.42, for a total transaction of $2,270,756.24. Following the completion of the sale, the chief financial officer now directly owns 392,829 shares in the company, valued at approximately $13,521,174.18. The disclosure for this sale can be found here. In the last 90 days, insiders sold 164,471 shares of company stock worth $5,773,431. 7.11% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on PINS. JPMorgan Chase & Co. boosted their price objective on shares of Pinterest from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Susquehanna boosted their target price on shares of Pinterest from $35.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Loop Capital boosted their target price on shares of Pinterest from $43.00 to $49.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Royal Bank of Canada boosted their target price on shares of Pinterest from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Citigroup boosted 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, May 1st. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.26.
Check Out Our Latest Analysis on Pinterest
About Pinterest
(Free Report)
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.
Further Reading
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