Pinterest, Inc. $PINS Stock Position Increased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its position in Pinterest, Inc. (NYSE:PINS) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,618 shares of the company’s stock after purchasing an additional 1,101 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Pinterest were worth $1,421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. TD Private Client Wealth LLC grew its stake in shares of Pinterest by 16.5% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company’s stock worth $94,000 after purchasing an additional 371 shares during the last quarter. Riverpark Capital Management LLC grew its stake in shares of Pinterest by 1.2% in the 1st quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock worth $987,000 after purchasing an additional 377 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Pinterest by 22.3% in the 2nd quarter. Whittier Trust Co. now owns 2,088 shares of the company’s stock worth $75,000 after purchasing an additional 381 shares during the last quarter. Optas LLC grew its stake in shares of Pinterest by 1.9% in the 2nd quarter. Optas LLC now owns 23,315 shares of the company’s stock worth $836,000 after purchasing an additional 442 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Pinterest by 18.6% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock worth $96,000 after purchasing an additional 476 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors.

Pinterest Stock Up 1.6%

NYSE PINS opened at $33.97 on Friday. The stock has a market capitalization of $23.10 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.42 and a beta of 0.81. The company has a 50 day moving average price of $34.50 and a two-hundred day moving average price of $33.42. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $40.90.

Pinterest (NYSE:PINS) last posted its earnings results on Tuesday, September 19th. The company reported $0.11 earnings per share (EPS) for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm had revenue of $665.93 million during the quarter. As a group, equities analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Activity

In related news, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $34.86, for a total transaction of $3,558,613.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Andrea Acosta sold 3,759 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $34.96, for a total transaction of $131,414.64. Following the completion of the sale, the chief accounting officer directly owned 157,402 shares in the company, valued at $5,502,773.92. This trade represents a 2.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 640,236 shares of company stock valued at $22,878,326 over the last three months. Corporate insiders own 7.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PINS. Susquehanna reaffirmed a “positive” rating and issued a $42.00 price objective on shares of Pinterest in a research note on Friday, August 8th. Wedbush lifted their price objective on shares of Pinterest from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Monness Crespi & Hardt lifted their price objective on shares of Pinterest from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Stifel Nicolaus lifted their target price on shares of Pinterest from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, Benchmark boosted their price target on shares of Pinterest from $45.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.67.

About Pinterest

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.