Ameritas Advisory Services LLC Makes New $1.30 Million Investment in Pinterest, Inc. (NYSE:PINS)

Ameritas Advisory Services LLC acquired a new position in Pinterest, Inc. (NYSE:PINS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,946 shares of the company's stock, valued at approximately $1,300,000.

Several other large investors have also recently bought and sold shares of PINS. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Pinterest during the 1st quarter worth about $25,000. Garde Capital Inc. acquired a new position in shares of Pinterest during the 1st quarter worth $26,000. NBC Securities Inc. boosted its stake in shares of Pinterest by 99,900.0% in the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust bought a new stake in shares of Pinterest during the first quarter worth $32,000. Finally, Golden State Wealth Management LLC raised 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. 88.81% of the stock is owned by institutional investors and hedge funds.

Pinterest Stock Up 0.5%

Shares of PINS stock traded up $0.19 on Thursday, reaching $35.93. The company's stock had a trading volume of 2,061,982 shares, compared to its average volume of 11,010,346. Pinterest, Inc. has a 12-month low of $23.68 and a 12-month high of $44.06. The stock's 50 day simple moving average is $31.91 and its 200-day simple moving average is $31.84. The company has a market capitalization of $24.37 billion, a P/E ratio of 13.13, a PEG ratio of 1.76 and a beta of 0.94.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The company had revenue of $854.99 million during the quarter, compared to analysts' expectations of $848.49 million. During the same period in the prior year, the firm earned $0.17 EPS. Pinterest's quarterly revenue was up 15.5% on a year-over-year basis. Research analysts expect that Pinterest, Inc. will post 0.6 EPS for the current year.

Insider Buying and Selling

In other news, CAO Andrea Acosta sold 3,759 shares of Pinterest stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $31.86, for a total value of $119,761.74. Following the transaction, the chief accounting officer owned 171,373 shares in the company, valued at approximately $5,459,943.78. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Donnelly Julia Brau sold 29,606 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total value of $1,014,005.50. Following the completion of the sale, the chief financial officer owned 362,890 shares of the company's stock, valued at $12,428,982.50. The trade was a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,176,362 shares of company stock worth $39,645,976 over the last ninety days. Corporate insiders own 7.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. UBS Group dropped their price target on shares of Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group dropped their price objective on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Benchmark lowered their target price on Pinterest from $55.00 to $45.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Morgan Stanley raised their price target on shares of Pinterest from $28.00 to $37.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Finally, BMO Capital Markets dropped their price objective on Pinterest from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.52.

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.