Bellwether Advisors LLC Purchases 10,780 Shares of Pinterest, Inc. (NYSE:PINS)

Bellwether Advisors LLC lifted its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 57.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 29,452 shares of the company's stock after acquiring an additional 10,780 shares during the period. Bellwether Advisors LLC's holdings in Pinterest were worth $854,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PINS. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Pinterest by 2.8% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock worth $366,000 after buying an additional 342 shares during the period. Ethos Financial Group LLC lifted its holdings in shares of Pinterest by 3.1% during the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock worth $342,000 after purchasing an additional 350 shares during the period. Amalgamated Bank increased its stake in Pinterest by 0.9% in the 4th quarter. Amalgamated Bank now owns 39,792 shares of the company's stock valued at $1,154,000 after buying an additional 372 shares during the period. GAMMA Investing LLC lifted its stake in shares of Pinterest by 63.5% in the 4th quarter. GAMMA Investing LLC now owns 1,069 shares of the company's stock worth $31,000 after acquiring an additional 415 shares during the period. Finally, Steph & Co. boosted its holdings in shares of Pinterest by 6.4% in the fourth quarter. Steph & Co. now owns 7,048 shares of the company's stock valued at $204,000 after acquiring an additional 425 shares in the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Activity at Pinterest

In other Pinterest news, Director Gokul Rajaram sold 1,150 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $39.19, for a total value of $45,068.50. Following the completion of the sale, the director now directly owns 29,086 shares of the company's stock, valued at $1,139,880.34. The trade was a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Andrea Acosta sold 3,667 shares of Pinterest stock in a transaction on Monday, February 24th. The shares were 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 directly owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. The trade was a 2.48 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 453,836 shares of company stock valued at $14,828,392. Corporate insiders own 7.11% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on PINS. Benchmark upgraded Pinterest from a "hold" rating to a "buy" rating and set a $55.00 target price on the stock in a research report on Friday, February 7th. Barclays increased their price target on shares of Pinterest from $36.00 to $42.00 and gave the company an "equal weight" rating in a report on Friday, February 7th. UBS Group decreased their price objective on shares of Pinterest from $50.00 to $39.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Finally, Bank of America decreased their price target on Pinterest from $46.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Eight research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, Pinterest currently has an average rating of "Moderate Buy" and an average price target of $41.10.

Pinterest Trading Up 0.7 %

Pinterest stock traded up $0.18 during midday trading on Thursday, reaching $25.50. 11,558,102 shares of the stock traded hands, compared to its average volume of 10,409,974. The firm has a fifty day moving average price of $30.10 and a two-hundred day moving average price of $31.49. Pinterest, Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $45.19. The firm has a market cap of $17.30 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.95 and a beta of 0.99.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.30). Pinterest had a net margin of 51.07% and a return on equity of 8.10%. Analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

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.