Kelly Lawrence W & Associates Inc. CA Sells 339,227 Shares of Pinterest, Inc. (NYSE:PINS)

Kelly Lawrence W & Associates Inc. CA trimmed its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 98.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,580 shares of the company's stock after selling 339,227 shares during the quarter. Kelly Lawrence W & Associates Inc. CA's holdings in Pinterest were worth $133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Whipplewood Advisors LLC bought a new stake in Pinterest during the 4th quarter worth approximately $28,000. GAMMA Investing LLC grew its holdings in shares of Pinterest by 63.5% during the fourth 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. Strategic Investment Solutions Inc. IL grew its holdings in shares of Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after purchasing an additional 1,204 shares during the last quarter. V Square Quantitative Management LLC increased its stake in shares of Pinterest by 51.5% in the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock valued at $50,000 after buying an additional 590 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company's stock valued at $59,000 after buying an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Analysts Set New Price Targets

PINS has been the subject of several research reports. Jefferies Financial Group restated a "hold" rating and issued a $32.00 price objective (down previously from $40.00) on shares of Pinterest in a research report on Monday, January 13th. Benchmark upgraded shares of Pinterest from a "hold" rating to a "buy" rating and set a $55.00 price objective for the company in a research report on Friday, February 7th. Oppenheimer increased their price objective on Pinterest from $40.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on Pinterest from $48.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut their target price on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Eight research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $41.10.

Pinterest Stock Up 0.5 %

Shares of NYSE:PINS traded up $0.13 during mid-day trading on Thursday, reaching $25.74. 13,898,010 shares of the stock were exchanged, compared to its average volume of 10,564,240. The stock's 50 day simple moving average is $31.40 and its 200-day simple moving average is $31.75. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19. The company has a market cap of $17.46 billion, a P/E ratio of 9.57, a P/E/G ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.30). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. Analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Pinterest

In related news, Director Gokul Rajaram sold 1,150 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $39.19, for a total transaction of $45,068.50. Following the completion of the transaction, the director now directly owns 29,086 shares of the company's stock, valued at approximately $1,139,880.34. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Wanjiku Juanita Walcott sold 6,690 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $32.85, for a total value of $219,766.50. Following the transaction, the insider now directly owns 254,211 shares in the company, valued at $8,350,831.35. This trade represents a 2.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 453,836 shares of company stock valued at $14,828,392. Corporate insiders own 7.11% of the company's stock.

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.