CFO4Life Group LLC Buys New Holdings in Pinterest, Inc. (NYSE:PINS)

CFO4Life Group LLC acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,321 shares of the company's stock, valued at approximately $537,000.

Other institutional investors also recently modified their holdings of the company. GFG Capital LLC acquired a new stake in Pinterest in the 1st quarter valued at $211,000. Linden Thomas Advisory Services LLC raised its position in Pinterest by 6.9% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 38,517 shares of the company's stock valued at $1,194,000 after purchasing an additional 2,471 shares during the last quarter. Blackhawk Capital Partners LLC. bought a new position in Pinterest in the 1st quarter valued at $1,124,000. Ninety One SA PTY Ltd raised its position in Pinterest by 12.2% in the 1st quarter. Ninety One SA PTY Ltd now owns 88,626 shares of the company's stock valued at $2,741,000 after purchasing an additional 9,620 shares during the last quarter. Finally, Ninety One UK Ltd raised its position in Pinterest by 10.2% in the 1st quarter. Ninety One UK Ltd now owns 6,027,355 shares of the company's stock valued at $186,848,000 after purchasing an additional 555,742 shares during the last quarter. Institutional investors and hedge funds own 88.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PINS. Monness Crespi & Hardt cut their price objective on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Guggenheim dropped their target price on Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Wedbush restated an "outperform" rating and set a $40.00 target price (up previously from $38.00) on shares of Pinterest in a research report on Friday, May 9th. Oppenheimer boosted their target price on Pinterest from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. Finally, The Goldman Sachs Group dropped their price objective on Pinterest from $47.00 to $40.00 and set a "buy" rating for the company in a report on Monday, April 14th. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.52.

Pinterest Stock Performance

Shares of NYSE PINS traded down $0.21 during trading hours on Friday, reaching $35.60. 1,701,072 shares of the stock were exchanged, compared to its average volume of 11,041,381. The firm has a market capitalization of $24.14 billion, a price-to-earnings ratio of 13.00, a P/E/G ratio of 1.77 and a beta of 0.94. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $43.03. The stock's fifty day simple moving average is $33.10 and its 200 day simple moving average is $32.08.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates 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%. Pinterest's revenue was up 15.5% on a year-over-year basis. During the same quarter last year, the business earned $0.17 EPS. Research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Donnelly Julia Brau sold 29,606 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the transaction, the chief financial officer directly owned 362,890 shares of the company's stock, valued at $12,428,982.50. This trade represents a 7.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Silbermann sold 102,083 shares of the firm's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $35.50, for a total value of $3,623,946.50. Following the transaction, the director directly owned 8,414 shares of the company's stock, valued at approximately $298,697. This represents a 92.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,278,445 shares of company stock worth $43,269,922. 7.06% of the stock is owned by company insiders.

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.