Pinterest, Inc. (NYSE:PINS) Stock Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,305 shares of the company's stock after selling 8,006 shares during the quarter. Commonwealth Equity Services LLC's holdings in Pinterest were worth $1,691,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new position in shares of Pinterest in the fourth quarter worth $28,000. GAMMA Investing LLC grew its stake in 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 in the last quarter. True Wealth Design LLC increased its holdings in 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 purchasing an additional 1,487 shares during the period. V Square Quantitative Management LLC raised its position in Pinterest by 51.5% in the 4th quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after purchasing an additional 590 shares in the last quarter. Finally, Manchester Capital Management LLC boosted its stake in shares of Pinterest by 17,692.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,313 shares of the company's stock valued at $67,000 after buying an additional 2,300 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

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Pinterest Stock Performance

PINS stock traded up $0.36 during trading on Wednesday, reaching $31.36. 1,274,064 shares of the company were exchanged, compared to its average volume of 11,903,733. The stock's 50 day moving average price is $34.65 and its 200 day moving average price is $32.44. Pinterest, Inc. has a 52-week low of $27.00 and a 52-week high of $45.19. The company has a market cap of $21.27 billion, a P/E ratio of 11.66, a PEG ratio of 1.95 and a beta of 1.02.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.33 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%. As a group, equities research analysts forecast that Pinterest, Inc. will post 0.6 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Piper Sandler reiterated a "neutral" rating and set a $41.00 price target (up previously from $36.00) on shares of Pinterest in a report on Friday, February 7th. Sanford C. Bernstein raised Pinterest from a "market perform" rating to an "outperform" rating and upped their price target for the company from $34.00 to $47.00 in a report on Friday, February 7th. Oppenheimer raised their price objective on shares of Pinterest from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Wedbush upped their target price on shares of Pinterest from $38.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Finally, Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price target on the stock in a research note on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $43.17.

Insiders Place Their Bets

In other news, insider Wanjiku Juanita Walcott sold 12,253 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $32.24, for a total value of $395,036.72. Following the sale, the insider now directly owns 228,510 shares in the company, valued at $7,367,162.40. This represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the sale, the director now owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This trade represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 351,753 shares of company stock worth $11,640,201. 7.11% of the stock is owned by corporate 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.