Pinterest, Inc. (NYSE:PINS) Stock Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,499,865 shares of the company's stock after buying an additional 192,457 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.66% of Pinterest worth $139,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC acquired a new stake in Pinterest during the first quarter worth about $25,000. Garde Capital Inc. purchased a new stake in shares of Pinterest during the 1st quarter valued at about $26,000. NBC Securities Inc. raised its holdings in shares of Pinterest by 99,900.0% during the 1st quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after buying an additional 999 shares during the period. American National Bank & Trust purchased a new stake in shares of Pinterest during the 1st quarter valued at about $32,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Pinterest by 665.4% during the 1st quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock valued at $38,000 after buying an additional 1,058 shares during the period. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Pinterest news, insider Wanjiku Juanita Walcott sold 11,510 shares of Pinterest stock in a transaction on Friday, June 27th. The stock was sold at an average price of $35.68, for a total transaction of $410,676.80. Following the sale, the insider owned 390,230 shares of the company's stock, valued at $13,923,406.40. The trade was a 2.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $36.88, for a total value of $42,412.00. Following the sale, the director directly owned 31,750 shares in the company, valued at $1,170,940. The trade was a 3.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,094,279 shares of company stock worth $38,062,654 over the last ninety days. 7.06% of the stock is currently owned by company insiders.

Pinterest Price Performance

Shares of NYSE PINS traded up $0.59 during mid-day trading on Thursday, hitting $36.37. The company had a trading volume of 8,526,517 shares, compared to its average volume of 11,940,002. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.72 and a beta of 0.78. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $40.90. The firm's 50 day simple moving average is $36.13 and its two-hundred day simple moving average is $33.17.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). The business had revenue of $998.23 million for the quarter, compared to the consensus estimate of $973.42 million. Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The firm's revenue was up 16.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PINS shares. Bank of America raised their target price on Pinterest from $41.00 to $44.00 and gave the company a "buy" rating in a report on Friday, August 8th. Stifel Nicolaus set a $47.00 target price on Pinterest and gave the company a "buy" rating in a report on Friday, August 8th. Cowen reiterated a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Guggenheim reiterated a "buy" rating on shares of Pinterest in a report on Monday, July 28th. Finally, TD Cowen raised their target price on Pinterest from $40.00 to $43.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.40.

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.