Texas Bank & Trust Co Buys Shares of 8,000 Pinterest, Inc. (NYSE:PINS)

Texas Bank & Trust Co bought a new stake in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,000 shares of the company's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janney Capital Management LLC purchased a new position in shares of Pinterest in the fourth quarter worth approximately $4,289,000. Jones Financial Companies Lllp lifted its holdings in shares of Pinterest by 91.3% in the fourth quarter. Jones Financial Companies Lllp now owns 24,993 shares of the company's stock valued at $725,000 after purchasing an additional 11,925 shares in the last quarter. Swedbank AB boosted its position in shares of Pinterest by 2,108.7% in the fourth quarter. Swedbank AB now owns 1,315,052 shares of the company's stock worth $38,137,000 after buying an additional 1,255,513 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Pinterest by 699.4% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 296,033 shares of the company's stock valued at $8,585,000 after buying an additional 259,002 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Pinterest by 94.9% during the fourth quarter. Pacer Advisors Inc. now owns 53,033 shares of the company's stock valued at $1,538,000 after buying an additional 25,828 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Pinterest Price Performance

Shares of Pinterest stock traded down $0.49 during midday trading on Thursday, hitting $31.73. 9,209,019 shares of the company were exchanged, compared to its average volume of 10,769,676. The firm has a 50 day simple moving average of $28.74 and a 200-day simple moving average of $31.23. Pinterest, Inc. has a 52 week low of $23.68 and a 52 week high of $45.19. The firm has a market cap of $21.52 billion, a P/E ratio of 11.80, a PEG ratio of 1.95 and a beta of 0.83.

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

Insider Transactions at Pinterest

In other Pinterest news, CAO Andrea Acosta sold 3,667 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $37.46, for a total transaction of $137,365.82. Following the transaction, the chief accounting officer now owns 144,129 shares of the company's stock, valued at approximately $5,399,072.34. This represents a 2.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gokul Rajaram sold 1,150 shares of Pinterest stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $27.00, for a total value 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 $723,222. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 861,018 shares of company stock valued at $28,323,613 in the last three months. 7.06% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. KeyCorp upped their target price on Pinterest from $37.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Wedbush reissued an "outperform" rating and set a $40.00 target price (up previously from $38.00) on shares of Pinterest in a research note on Friday, May 9th. 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 report on Friday, May 9th. Roth Capital set a $32.00 target price on Pinterest in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their price target on Pinterest from $47.00 to $42.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. Seven analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.26.

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.