MGO One Seven LLC Invests $226,000 in Pinterest, Inc. $PINS

MGO One Seven LLC bought a new stake in shares of Pinterest, Inc. (NYSE:PINS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,301 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Private Client Wealth LLC increased its stake in shares of Pinterest by 16.5% during the second quarter. TD Private Client Wealth LLC now owns 2,623 shares of the company’s stock valued at $94,000 after purchasing an additional 371 shares in the last quarter. Riverpark Capital Management LLC increased its stake in shares of Pinterest by 1.2% during the first quarter. Riverpark Capital Management LLC now owns 31,825 shares of the company’s stock valued at $987,000 after purchasing an additional 377 shares in the last quarter. Optas LLC increased its stake in shares of Pinterest by 1.9% during the second quarter. Optas LLC now owns 23,315 shares of the company’s stock valued at $836,000 after purchasing an additional 442 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Pinterest by 18.6% during the first quarter. Smartleaf Asset Management LLC now owns 3,040 shares of the company’s stock valued at $96,000 after purchasing an additional 476 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. increased its position in shares of Pinterest by 1.4% during the second quarter. ASR Vermogensbeheer N.V. now owns 35,941 shares of the company’s stock valued at $1,289,000 after acquiring an additional 485 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

Insider Activity

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $35.00, for a total value of $40,250.00. Following the completion of the sale, the director directly owned 30,600 shares of the company’s stock, valued at $1,071,000. The trade was a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $34.86, for a total transaction of $3,558,613.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 742,319 shares of company stock valued at $26,752,376. 7.11% of the stock is currently owned by company insiders.

Pinterest Stock Performance

PINS opened at $32.90 on Tuesday. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $40.90. The firm’s fifty day moving average is $34.67 and its 200 day moving average is $33.24. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 1.36 and a beta of 0.81.

Pinterest (NYSE:PINS) last announced its quarterly earnings results on Tuesday, September 19th. The company reported $0.11 EPS for the quarter. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The business had revenue of $665.93 million for the quarter. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on shares of Pinterest from $41.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Morgan Stanley upgraded shares of Pinterest from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $37.00 to $45.00 in a report on Monday, July 21st. Wells Fargo & Company set a $42.00 price objective on shares of Pinterest and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Cowen restated a “buy” rating on shares of Pinterest in a report on Friday, August 8th. Finally, Sanford C. Bernstein boosted their price objective on shares of Pinterest from $40.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.67.

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.