Sanctuary Advisors LLC Has $3.64 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Sanctuary Advisors LLC grew its stake in shares of Pinterest, Inc. (NYSE:PINS) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,396 shares of the company’s stock after purchasing an additional 1,043 shares during the quarter. Sanctuary Advisors LLC’s holdings in Pinterest were worth $3,636,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Pinterest by 63.5% during the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after purchasing an additional 415 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of Pinterest by 91.1% during the 3rd quarter. Crewe Advisors LLC now owns 1,154 shares of the company’s stock worth $37,000 after acquiring an additional 550 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Pinterest by 8,261.1% during the 3rd quarter. True Wealth Design LLC now owns 1,505 shares of the company’s stock worth $49,000 after acquiring an additional 1,487 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Pinterest by 51.5% during the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company’s stock worth $50,000 after acquiring an additional 590 shares during the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of Pinterest by 44.2% during the 3rd quarter. Rakuten Securities Inc. now owns 2,294 shares of the company’s stock worth $74,000 after acquiring an additional 703 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company’s stock.

Pinterest Stock Performance

Shares of NYSE:PINS opened at $37.68 on Friday. The company has a fifty day moving average of $32.78 and a 200-day moving average of $31.78. The company has a market capitalization of $25.55 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. On average, equities analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PINS. Roth Mkm decreased their target price on Pinterest from $39.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company upped their target price on Pinterest from $39.00 to $47.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Sanford C. Bernstein raised Pinterest from a “market perform” rating to an “outperform” rating and upped their target price for the company from $34.00 to $47.00 in a research report on Friday, February 7th. TD Cowen assumed coverage on Pinterest in a research report on Tuesday, November 26th. They issued a “buy” rating and a $38.00 target price on the stock. Finally, Raymond James upped their target price on Pinterest from $34.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Eight analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Pinterest presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.86.

Insider Activity at Pinterest

In related news, insider Wanjiku Juanita Walcott sold 11,862 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $30.82, for a total value of $365,586.84. Following the completion of the sale, the insider now directly owns 246,921 shares in the company, valued at $7,610,105.22. This represents a 4.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $30.98, for a total value of $35,627.00. Following the completion of the sale, the director now owns 31,386 shares of the company’s stock, valued at $972,338.28. The trade was a 3.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,157 shares of company stock worth $600,010 over the last three months. Company insiders own 7.11% of the company’s stock.

Pinterest Company 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.