Pinterest, Inc. $PINS Shares Sold by Burney Co.

Burney Co. trimmed its holdings in shares of Pinterest, Inc. (NYSE:PINS) by 80.5% in the first quarter, HoldingsChannel reports. The firm owned 18,064 shares of the company’s stock after selling 74,357 shares during the period. Burney Co.’s holdings in Pinterest were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Pinterest by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 62,056,069 shares of the company’s stock valued at $1,606,632,000 after buying an additional 1,069,646 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Pinterest by 15.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,809,693 shares of the company’s stock worth $719,994,000 after buying an additional 3,669,476 shares in the last quarter. Victory Capital Management Inc. increased its position in Pinterest by 30.5% during the fourth quarter. Victory Capital Management Inc. now owns 26,808,870 shares of the company’s stock worth $694,082,000 after buying an additional 6,258,628 shares in the last quarter. State Street Corp raised its holdings in shares of Pinterest by 52.6% in the fourth quarter. State Street Corp now owns 21,492,169 shares of the company’s stock worth $556,432,000 after acquiring an additional 7,412,213 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Pinterest by 10.7% in the third quarter. Ameriprise Financial Inc. now owns 19,732,086 shares of the company’s stock worth $634,767,000 after acquiring an additional 1,913,668 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Guggenheim restated a “buy” rating and issued a $24.00 price objective on shares of Pinterest in a research report on Monday, June 15th. UBS Group boosted their target price on shares of Pinterest from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citigroup upped their target price on shares of Pinterest from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Mizuho raised their price target on shares of Pinterest from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Finally, Robert W. Baird lifted their price target on shares of Pinterest from $20.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Seventeen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.42.

Insider Buying and Selling at Pinterest

In related news, Director Gokul Rajaram sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $20.00, for a total value of $42,000.00. Following the sale, the director directly owned 27,450 shares of the company’s stock, valued at approximately $549,000. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 14,208 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $19.65, for a total transaction of $279,187.20. Following the completion of the sale, the insider owned 691,840 shares of the company’s stock, valued at approximately $13,594,656. The trade was a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 325,945 shares of company stock worth $6,878,065 in the last 90 days. 8.09% of the stock is owned by company insiders.

Pinterest Price Performance

Shares of NYSE:PINS opened at $22.53 on Friday. The company has a market cap of $12.62 billion, a P/E ratio of 46.94, a P/E/G ratio of 1.28 and a beta of 0.89. The business has a fifty day simple moving average of $20.76 and a 200-day simple moving average of $20.91. Pinterest, Inc. has a 52 week low of $13.84 and a 52 week high of $39.93. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.34.

Pinterest (NYSE:PINS) last released its earnings results on Monday, May 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $965.84 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. Equities research analysts forecast that Pinterest, Inc. will post 0.66 EPS for the current year.

Pinterest Profile

Pinterest, Inc operates a visual discovery platform that helps users find inspiration and ideas for projects ranging from home design and fashion to cooking and travel. Users create and curate “Pins” — images or videos linked to content — organized on thematic boards. The service is available through its website and mobile applications and emphasizes personalized recommendations and visual search to surface relevant content based on user interests.

The company’s primary revenue model is advertising, offering promoted content formats that integrate into user feeds and search results.