Shelton Capital Management Purchases Shares of 30,080 Pinterest, Inc. (NYSE:PINS)

Shelton Capital Management purchased a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,080 shares of the company's stock, valued at approximately $872,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in Pinterest in the 4th quarter valued at about $28,000. GAMMA Investing LLC lifted its stake in shares of Pinterest by 63.5% during the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock valued at $31,000 after buying an additional 415 shares during the period. V Square Quantitative Management LLC boosted its position in Pinterest by 51.5% during the fourth 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. Huntington National Bank grew its stake in Pinterest by 484.1% in the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after acquiring an additional 1,680 shares during the period. Finally, Manchester Capital Management LLC raised its holdings in 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 acquiring an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Buying and Selling

In other news, Director Benjamin Silbermann sold 102,083 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.27, for a total value of $3,192,135.41. Following the sale, the director now owns 6,274 shares of the company's stock, valued at approximately $196,187.98. The trade was a 94.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Andrea Acosta sold 3,667 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $37.46, for a total value of $137,365.82. Following the transaction, the chief accounting officer now directly owns 144,129 shares of the company's stock, valued at $5,399,072.34. This represents a 2.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 453,836 shares of company stock valued at $14,832,336 in the last three months. 7.11% of the stock is currently owned by corporate insiders.

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Pinterest Stock Up 0.8 %

PINS stock traded up $0.20 during mid-day trading on Tuesday, reaching $26.05. The company had a trading volume of 3,960,127 shares, compared to its average volume of 10,408,997. The stock's 50-day simple moving average is $33.27 and its two-hundred day simple moving average is $32.11. The stock has a market capitalization of $17.67 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.95 and a beta of 0.99. Pinterest, Inc. has a one year low of $23.68 and a one year high of $45.19.

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

Analyst Ratings Changes

PINS has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a "buy" rating on shares of Pinterest in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their target price on shares of Pinterest from $42.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. KeyCorp dropped their price target on shares of Pinterest from $41.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Morgan Stanley upped their price objective on Pinterest from $35.00 to $36.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group lowered their price target on Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a research report on Monday. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, Pinterest currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.81.

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.