Paragon Capital Management Ltd Sells 62,093 Shares of Pinterest, Inc. (NYSE:PINS)

Paragon Capital Management Ltd decreased its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 10.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 542,509 shares of the company's stock after selling 62,093 shares during the period. Pinterest comprises 3.5% of Paragon Capital Management Ltd's portfolio, making the stock its 9th largest holding. Paragon Capital Management Ltd owned 0.08% of Pinterest worth $16,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in Pinterest in the fourth quarter valued at $28,000. NBC Securities Inc. lifted its stake in shares of Pinterest by 99,900.0% in the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock valued at $31,000 after purchasing an additional 999 shares during the period. American National Bank & Trust acquired a new stake in shares of Pinterest in the first quarter valued at about $32,000. Strategic Investment Solutions Inc. IL boosted its holdings in Pinterest by 401.3% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 1,504 shares of the company's stock worth $44,000 after buying an additional 1,204 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in Pinterest by 51.5% during the fourth quarter. V Square Quantitative Management LLC now owns 1,735 shares of the company's stock worth $50,000 after buying an additional 590 shares during the period. 88.81% of the stock is currently owned by institutional investors and hedge funds.

Pinterest Trading Down 0.7%

NYSE PINS traded down $0.24 during mid-day trading on Friday, reaching $33.78. 6,829,268 shares of the company's stock traded hands, compared to its average volume of 10,931,426. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $45.19. The company has a fifty day simple moving average of $29.48 and a 200-day simple moving average of $31.49. The company has a market cap of $22.91 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 1.95 and a beta of 0.91.

Pinterest (NYSE:PINS - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $854.99 million for the quarter, compared to analyst estimates of $848.49 million. Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 EPS. Equities research analysts forecast that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Pinterest

In other Pinterest news, Director Benjamin Silbermann sold 102,083 shares of Pinterest stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $31.16, for a total value of $3,180,906.28. Following the completion of the transaction, the director now owns 6,274 shares of the company's stock, valued at $195,497.84. The trade was a 94.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Donnelly Julia Brau sold 29,605 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $33.95, for a total transaction of $1,005,089.75. Following the completion of the transaction, the chief financial officer now owns 166,408 shares in the company, valued at approximately $5,649,551.60. The trade was a 15.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,177,104 shares of company stock valued at $38,592,423. Insiders own 7.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PINS shares. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 price target on the stock in a report on Thursday, May 15th. Wells Fargo & Company lowered their target price on Pinterest from $47.00 to $42.00 and set an "overweight" rating on the stock in a report on Monday, March 31st. Wedbush reaffirmed an "outperform" rating and set a $40.00 price target (up previously from $38.00) on shares of Pinterest in a research note on Friday, May 9th. KeyCorp increased their price objective on shares of Pinterest from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Barclays cut 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 report on Friday, May 9th. Six 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.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.42.

Pinterest 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.