Mount Yale Investment Advisors LLC Has $815,000 Stock Position in Pinterest, Inc. (NYSE:PINS)

Mount Yale Investment Advisors LLC lifted its stake in Pinterest, Inc. (NYSE:PINS) by 37.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,180 shares of the company’s stock after purchasing an additional 6,813 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Pinterest were worth $815,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Pinterest by 13.0% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 447,148 shares of the company’s stock worth $15,598,000 after buying an additional 51,455 shares during the period. Russell Investments Group Ltd. increased its stake in Pinterest by 38.0% in the first quarter. Russell Investments Group Ltd. now owns 613,564 shares of the company’s stock valued at $21,358,000 after purchasing an additional 169,052 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Pinterest in the second quarter worth $5,045,000. Quantbot Technologies LP boosted its position in shares of Pinterest by 217.8% during the second quarter. Quantbot Technologies LP now owns 118,749 shares of the company’s stock worth $5,233,000 after purchasing an additional 81,380 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Pinterest by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 688,071 shares of the company’s stock valued at $23,855,000 after buying an additional 28,261 shares during the period. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

Pinterest stock opened at $32.35 on Friday. The company’s 50-day moving average is $31.72 and its 200-day moving average is $36.40. The firm has a market capitalization of $22.10 billion, a PE ratio of 154.05, a P/E/G ratio of 2.46 and a beta of 1.01. Pinterest, Inc. has a fifty-two week low of $23.59 and a fifty-two week 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. Pinterest had a return on equity of 6.94% and a net margin of 5.75%. The firm had revenue of $853.68 million for the quarter, compared to analyst estimates of $848.75 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. As a group, analysts expect that Pinterest, Inc. will post 0.39 EPS for the current year.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total value of $38,548.00. Following the transaction, the director now directly owns 33,686 shares in the company, valued at $1,129,154.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $33.52, for a total transaction of $38,548.00. Following the completion of the sale, the director now owns 33,686 shares in the company, valued at $1,129,154.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.72, for a total value of $990,761.60. Following the transaction, the chief financial officer now owns 297,351 shares in the company, valued at approximately $9,729,324.72. 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.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Pinterest in a research note on Thursday, September 12th. Robert W. Baird lowered their price target on Pinterest from $44.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Wedbush cut their price objective on Pinterest from $46.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their target price on Pinterest from $44.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Evercore ISI dropped their target price on shares of Pinterest from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.32.

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.