Ensign Peak Advisors Inc Sells 13,502 Shares of Pinterest, Inc. (NYSE:PINS)

Ensign Peak Advisors Inc trimmed its stake in Pinterest, Inc. (NYSE:PINS) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 452,421 shares of the company’s stock after selling 13,502 shares during the quarter. Ensign Peak Advisors Inc owned 0.07% of Pinterest worth $13,120,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PINS. Whipplewood Advisors LLC bought a new stake in Pinterest in the fourth quarter worth $28,000. GAMMA Investing LLC boosted its holdings in Pinterest by 63.5% in the fourth quarter. GAMMA Investing LLC now owns 1,069 shares of the company’s stock worth $31,000 after acquiring an additional 415 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in Pinterest by 401.3% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company’s stock worth $44,000 after acquiring an additional 1,204 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Pinterest by 51.5% in 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 in the last quarter. Finally, Huntington National Bank raised its stake in shares of Pinterest by 484.1% in the fourth quarter. Huntington National Bank now owns 2,027 shares of the company’s stock worth $59,000 after purchasing an additional 1,680 shares during the last quarter. 88.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value of $31,050.00. Following the sale, the director now directly owns 26,786 shares in the company, valued at $723,222. The trade was a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Andrea Acosta sold 3,667 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the completion of the sale, the chief accounting officer now owns 144,129 shares in the company, valued at approximately $5,399,072.34. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 453,836 shares of company stock worth $14,828,392 in the last 90 days. 7.06% of the stock is currently owned by corporate insiders.

Pinterest Stock Performance

PINS opened at $29.23 on Monday. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The firm’s fifty day moving average is $28.84 and its 200 day moving average is $31.20. The stock has a market cap of $19.82 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.83.

Pinterest (NYSE:PINS) last released its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $854.99 million for the quarter, compared to analysts’ expectations of $848.49 million. Pinterest had a net margin of 51.07% and a return on equity of 8.10%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 EPS. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PINS. Roth Capital set a $32.00 price target on Pinterest in a research note on Monday, February 3rd. Guggenheim decreased their price target on Pinterest from $40.00 to $39.00 and set a “buy” rating for the company in a research note on Friday. Morgan Stanley boosted their price target on Pinterest from $28.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Friday. Raymond James cut Pinterest from an “overweight” rating to a “market perform” rating in a research note on Monday, April 7th. Finally, Barclays decreased their price target on Pinterest from $42.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday. Eight research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.27.

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.