Pinterest, Inc. $PINS Stock Holdings Trimmed by Sanctuary Advisors LLC

Sanctuary Advisors LLC decreased its holdings in Pinterest, Inc. (NYSE:PINS) by 34.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,759 shares of the company’s stock after selling 26,293 shares during the quarter. Sanctuary Advisors LLC’s holdings in Pinterest were worth $913,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Elevated Capital Advisors LLC acquired a new stake in Pinterest in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd increased its stake in Pinterest by 2,017.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,101 shares of the company’s stock valued at $29,000 after buying an additional 1,049 shares during the period. Addison Advisors LLC increased its stake in Pinterest by 727.3% during the 4th quarter. Addison Advisors LLC now owns 1,365 shares of the company’s stock valued at $35,000 after buying an additional 1,200 shares during the period. Garner Asset Management Corp bought a new stake in shares of Pinterest during the 4th quarter worth about $36,000. Finally, Summit Securities Group LLC bought a new stake in shares of Pinterest during the 1st quarter worth about $43,000. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Price Performance

NYSE PINS opened at $22.18 on Friday. Pinterest, Inc. has a 1 year low of $13.84 and a 1 year high of $39.93. The business’s fifty day moving average is $21.20 and its two-hundred day moving average is $20.68. The stock has a market capitalization of $12.43 billion, a P/E ratio of 46.22, a P/E/G ratio of 1.26 and a beta of 0.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.23 and a current ratio of 4.23.

Pinterest (NYSE:PINS) last released its quarterly earnings data 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. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $965.84 million. Pinterest had a return on equity of 8.26% and a net margin of 7.64%.The company’s revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. On average, research analysts forecast that Pinterest, Inc. will post 0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 46,875 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $22.63, for a total value of $1,060,781.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wanjiku Juanita Walcott sold 27,337 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $20.46, for a total transaction of $559,315.02. Following the sale, the insider owned 724,673 shares in the company, valued at $14,826,809.58. This represents a 3.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 323,845 shares of company stock valued at $6,836,065 in the last quarter. 8.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

PINS has been the subject of several recent analyst reports. Mizuho increased their price objective on shares of Pinterest from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday. Wedbush initiated coverage on Pinterest in a report on Thursday, July 16th. They set a “neutral” rating and a $24.00 target price on the stock. Piper Sandler restated a “neutral” rating and issued a $26.00 target price (up from $21.00) on shares of Pinterest in a research report on Tuesday, May 5th. Rosenblatt Securities increased their price target on Pinterest from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Finally, Oppenheimer lifted their price target on Pinterest from $24.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Seventeen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.69.

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.