Janney Capital Management LLC Has $8.88 Million Stock Holdings in Pinterest, Inc. (NYSE:PINS)

Janney Capital Management LLC grew its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 93.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 286,518 shares of the company's stock after acquiring an additional 138,616 shares during the period. Janney Capital Management LLC's holdings in Pinterest were worth $8,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PINS. Whipplewood Advisors LLC purchased a new position in shares of Pinterest during the 4th quarter worth approximately $28,000. NBC Securities Inc. increased its stake 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 worth $31,000 after purchasing an additional 999 shares in the last quarter. American National Bank & Trust purchased a new position in shares of Pinterest during the 1st quarter worth approximately $32,000. Strategic Investment Solutions Inc. IL increased its stake in shares of Pinterest by 401.3% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Huntington National Bank grew its stake in Pinterest by 484.1% in the 4th quarter. Huntington National Bank now owns 2,027 shares of the company's stock worth $59,000 after acquiring an additional 1,680 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $34.82, for a total value of $3,554,530.06. Following the completion of the transaction, the director now owns 8,414 shares in the company, valued at approximately $292,975.48. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gokul Rajaram sold 1,150 shares of the company's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $27.00, for a total transaction of $31,050.00. Following the completion of the sale, the director now directly owns 26,786 shares of the company's stock, valued at approximately $723,222. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,177,104 shares of company stock worth $38,966,047. Insiders own 7.06% of the company's stock.

Pinterest Price Performance

Shares of NYSE:PINS traded down $0.55 during trading on Friday, reaching $34.23. 10,859,560 shares of the company's stock traded hands, compared to its average volume of 10,930,646. Pinterest, Inc. has a 12 month low of $23.68 and a 12 month high of $45.19. The company has a 50 day moving average of $30.12 and a 200-day moving average of $31.62. The stock has a market capitalization of $23.21 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.72 and a beta of 0.91.

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

Analyst Ratings Changes

Several analysts have commented on PINS shares. Wolfe Research raised shares of Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Thursday, May 15th. Wells Fargo & Company lowered their target price on shares of Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Barclays lowered their target price on shares of Pinterest from $42.00 to $38.00 and set an "equal weight" rating for the company in a research note on Friday, May 9th. Guggenheim lowered their target price on shares of Pinterest from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. raised shares of Pinterest from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $35.00 to $40.00 in a research note on Tuesday, June 3rd. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.42.

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.