Venture Visionary Partners LLC Sells 1,454 Shares of Pinterest, Inc. (NYSE:PINS)

Venture Visionary Partners LLC trimmed its position in Pinterest, Inc. (NYSE:PINS) by 3.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,909 shares of the company’s stock after selling 1,454 shares during the period. Venture Visionary Partners LLC’s holdings in Pinterest were worth $1,421,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Pinterest by 13.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 447,148 shares of the company’s stock valued at $15,598,000 after buying an additional 51,455 shares during the last quarter. Deltec Asset Management LLC bought a new stake in Pinterest during the 1st quarter worth approximately $6,449,000. Russell Investments Group Ltd. raised its stake in shares of Pinterest by 38.0% in the first quarter. Russell Investments Group Ltd. now owns 613,564 shares of the company’s stock worth $21,358,000 after purchasing an additional 169,052 shares during the last quarter. Artemis Investment Management LLP bought a new position in shares of Pinterest in the second quarter valued at approximately $5,045,000. Finally, 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 valued at $5,233,000 after buying an additional 81,380 shares during the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Pinterest in a research note on Monday, September 23rd. They set a “buy” rating and a $43.00 price objective on the stock. Robert W. Baird cut their price target on shares of Pinterest from $44.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Citigroup reduced their price objective on shares of Pinterest from $51.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Barclays cut their target price on Pinterest from $38.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Finally, KeyCorp increased their price target on Pinterest from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.32.

Insider Buying and Selling

In other news, Director Gokul Rajaram sold 1,150 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $33.52, for a total transaction of $38,548.00. Following the sale, the director now owns 33,686 shares in the company, valued at approximately $1,129,154.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Pinterest news, CFO Donnelly Julia Brau sold 30,280 shares of the stock in a transaction that occurred on 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company’s stock, valued at approximately $1,129,154.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.11% of the stock is owned by company insiders.

Pinterest Price Performance

Shares of NYSE:PINS opened at $33.04 on Tuesday. The firm has a fifty day moving average price of $31.58 and a two-hundred day moving average price of $36.48. The company has a market cap of $22.57 billion, a price-to-earnings ratio of 157.31, a PEG ratio of 2.62 and a beta of 1.01. Pinterest, Inc. has a one year low of $23.59 and a one year high of $45.19.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, July 30th. The company reported $0.29 EPS for the quarter, topping 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 business had revenue of $853.68 million during the quarter, compared to analysts’ expectations of $848.75 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. Equities research analysts expect that Pinterest, Inc. will post 0.39 EPS for the current fiscal year.

About Pinterest

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.