Sherbrooke Park Advisers LLC Sells 23,412 Shares of Pinterest, Inc. (NYSE:PINS)

Sherbrooke Park Advisers LLC cut its stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) by 57.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,307 shares of the company's stock after selling 23,412 shares during the quarter. Sherbrooke Park Advisers LLC's holdings in Pinterest were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Pinterest by 2.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,626 shares of the company's stock worth $366,000 after purchasing an additional 342 shares in the last quarter. Ethos Financial Group LLC increased its position in shares of Pinterest by 3.1% during the fourth quarter. Ethos Financial Group LLC now owns 11,803 shares of the company's stock valued at $342,000 after buying an additional 350 shares during the period. Amalgamated Bank increased its position in shares of Pinterest by 0.9% during the fourth quarter. Amalgamated Bank now owns 39,792 shares of the company's stock valued at $1,154,000 after buying an additional 372 shares during the period. Smartleaf Asset Management LLC raised its stake in Pinterest by 20.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,564 shares of the company's stock worth $75,000 after buying an additional 429 shares in the last quarter. Finally, Redwood Investment Management LLC lifted its holdings in Pinterest by 3.2% in the fourth quarter. Redwood Investment Management LLC now owns 15,951 shares of the company's stock worth $463,000 after buying an additional 495 shares during the period. 88.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Benjamin Silbermann sold 408,332 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $33.16, for a total value of $13,540,289.12. Following the sale, the director now directly owns 6,274 shares in the company, valued at approximately $208,045.84. The trade was a 98.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $31,050.00. Following the sale, the director now directly owns 26,786 shares in the company, valued at $723,222. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 861,018 shares of company stock worth $28,323,613. 7.06% of the stock is owned by insiders.

Pinterest Trading Down 0.0%

Pinterest stock traded down $0.01 during midday trading on Wednesday, hitting $32.25. The stock had a trading volume of 13,008,845 shares, compared to its average volume of 10,775,893. The company has a market capitalization of $21.87 billion, a PE ratio of 11.99, a P/E/G ratio of 1.95 and a beta of 0.83. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $45.19. The firm's fifty day moving average is $28.75 and its two-hundred day moving average is $31.23.

Pinterest (NYSE:PINS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.02). Pinterest had a return on equity of 8.10% and a net margin of 51.07%. The business had revenue of $854.99 million during the quarter, compared to analysts' expectations of $848.49 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. As a group, equities research analysts predict that Pinterest, Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on Pinterest from $50.00 to $36.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Roth Capital set a $32.00 price objective on Pinterest in a report on Monday, February 3rd. The Goldman Sachs Group dropped their target price on shares of Pinterest from $47.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Monness Crespi & Hardt reduced their target price on shares of Pinterest from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Rosenblatt Securities lifted their price target on shares of Pinterest from $46.00 to $51.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Pinterest has an average rating of "Moderate Buy" and an average target price of $40.26.

Pinterest Company 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.