Blue Trust Inc. Acquires 5,558 Shares of Pinterest, Inc. (NYSE:PINS)

Blue Trust Inc. boosted its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 244.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,830 shares of the company’s stock after purchasing an additional 5,558 shares during the quarter. Blue Trust Inc.’s holdings in Pinterest were worth $253,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Pinterest by 17.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,451 shares of the company’s stock valued at $572,000 after buying an additional 2,285 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Pinterest by 12.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,636 shares of the company’s stock valued at $958,000 after acquiring an additional 3,101 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Pinterest in the 1st quarter worth $204,000. Deltec Asset Management LLC purchased a new stake in Pinterest in the 1st quarter worth $6,449,000. Finally, Diversified Trust Co boosted its holdings in shares of Pinterest by 27.8% during the 1st quarter. Diversified Trust Co now owns 21,220 shares of the company’s stock valued at $736,000 after purchasing an additional 4,619 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Pinterest Trading Up 1.0 %

Shares of PINS opened at $31.84 on Friday. The firm has a fifty day moving average price of $31.70 and a 200-day moving average price of $36.41. The firm has a market capitalization of $21.75 billion, a P/E ratio of 151.62, a P/E/G ratio of 2.46 and a beta of 1.01. Pinterest, Inc. has a 12-month low of $23.59 and a 12-month high of $45.19.

Pinterest (NYSE:PINS) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.29 earnings per share (EPS) 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 analysts’ expectations of $848.75 million. Pinterest had a net margin of 5.75% and a return on equity of 6.94%. The firm’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.04) EPS. Analysts predict that Pinterest, Inc. will post 0.39 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on PINS. Oppenheimer initiated coverage on Pinterest in a report on Tuesday, September 24th. They issued an “outperform” rating and a $45.00 target price on the stock. UBS Group reduced their price objective on Pinterest from $57.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $48.00 target price on shares of Pinterest in a research report on Thursday, September 12th. Robert W. Baird reduced their price target on shares of Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Pinterest from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pinterest currently has a consensus rating of “Moderate Buy” and an average price target of $43.32.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.72, for a total transaction of $990,761.60. Following the transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at $9,729,324.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Pinterest 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 transaction, the chief financial officer now directly owns 297,351 shares in the company, valued at $9,729,324.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the transaction, the director now directly owns 33,686 shares in the company, valued at $1,129,154.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 7.11% of the stock is owned by company insiders.

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.