Pinterest, Inc. (NYSE:PINS) Position Trimmed by Brown Advisory Inc.

Brown Advisory Inc. decreased its position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 13.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 309,136 shares of the company's stock after selling 46,728 shares during the period. Brown Advisory Inc.'s holdings in Pinterest were worth $9,583,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Pinterest by 104.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,432,141 shares of the company's stock valued at $737,533,000 after acquiring an additional 12,986,310 shares during the period. Norges Bank acquired a new position in Pinterest in the 4th quarter worth $358,205,000. Marshall Wace LLP boosted its holdings in Pinterest by 134.1% in the fourth quarter. Marshall Wace LLP now owns 10,701,783 shares of the company's stock valued at $310,352,000 after purchasing an additional 6,129,985 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Pinterest by 49.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,635,800 shares of the company's stock worth $395,441,000 after buying an additional 4,527,902 shares during the last quarter. Finally, Contour Asset Management LLC acquired a new position in Pinterest in the fourth quarter worth $86,330,000. Hedge funds and other institutional investors own 88.81% of the company's stock.

Insiders Place Their Bets

In other Pinterest news, CFO Donnelly Julia Brau sold 29,606 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the sale, the chief financial officer directly owned 362,890 shares of the company's stock, valued at approximately $12,428,982.50. This represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Silbermann sold 408,332 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total transaction of $13,540,289.12. Following the completion of the transaction, the director owned 6,274 shares of the company's stock, valued at approximately $208,045.84. The trade was a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,278,445 shares of company stock valued at $43,269,922 in the last quarter. 7.06% of the stock is currently owned by corporate insiders.

Pinterest Stock Down 1.0%

NYSE:PINS traded down $0.35 during trading hours on Friday, reaching $35.45. 4,121,036 shares of the company's stock were exchanged, compared to its average volume of 11,068,333. The company has a market capitalization of $24.04 billion, a P/E ratio of 79.56, a price-to-earnings-growth ratio of 1.77 and a beta of 0.94. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $42.20. The business's 50-day simple moving average is $33.27 and its two-hundred day simple moving average is $32.12.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group decreased their target price on Pinterest from $50.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. upgraded Pinterest from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $35.00 to $40.00 in a research report on Tuesday, June 3rd. Wells Fargo & Company set a $42.00 target price on Pinterest and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Oppenheimer raised 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. Finally, Raymond James Financial downgraded shares of Pinterest from an "overweight" rating to a "market perform" rating in a report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.52.

About Pinterest

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.