14,100 Shares in Pinterest, Inc. (NYSE:PINS) Acquired by United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund

Key Points

• United Super Pty Ltd acquired 14,100 shares of Pinterest, valued at approximately $437,000, as disclosed in its recent SEC filing.
• Insider Benjamin Silbermann sold 408,332 shares of Pinterest, representing a 98.49% decrease in their ownership, totaling over $13.5 million in value.
• Pinterest recently reported earnings with EPS of $0.23, missing analyst expectations of $0.25, while revenue for the quarter increased by 15.5% year-over-year.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,100 shares of the company's stock, valued at approximately $437,000.

A number of other hedge funds also recently bought and sold shares of PINS. Bartlett & CO. Wealth Management LLC bought a new stake in Pinterest in the first quarter valued at approximately $25,000. Garde Capital Inc. bought a new stake in Pinterest in the first quarter valued at approximately $26,000. NBC Securities Inc. lifted its position in Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after purchasing an additional 999 shares during the last quarter. American National Bank & Trust bought a new stake in Pinterest in the first quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC lifted its position in Pinterest by 665.4% in the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after purchasing an additional 1,058 shares during the last quarter. Institutional investors own 88.81% of the company's stock.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 408,332 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12. Following the transaction, the director owned 6,274 shares of the company's stock, valued at approximately $208,045.84. This represents a 98.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 1,502,611 shares of company stock valued at $51,602,943 over the last 90 days. 7.06% of the stock is currently owned by corporate insiders.

Pinterest Price Performance

Shares of NYSE:PINS opened at $37.76 on Friday. The company has a market cap of $25.61 billion, a P/E ratio of 13.78, a PEG ratio of 1.89 and a beta of 0.78. Pinterest, Inc. has a 1 year low of $23.68 and a 1 year high of $40.90. The stock's fifty day moving average price is $35.30 and its 200-day moving average price is $32.88.

Pinterest (NYSE:PINS - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). The business had revenue of $854.99 million for the quarter, compared to the consensus estimate of $848.49 million. Pinterest had a net margin of 50.41% and a return on equity of 8.13%. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.17 earnings per share. On average, sell-side analysts anticipate that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analyst Weigh In

PINS has been the subject of several recent research reports. Bank of America lowered their price objective on Pinterest from $46.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Oppenheimer boosted their target price on Pinterest from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Benchmark boosted their target price on Pinterest from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Stifel Nicolaus boosted their target price on Pinterest from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, Guggenheim reissued a "buy" rating on shares of Pinterest in a research note on Monday, July 28th. Five analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.48.

Pinterest Company 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.

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