U.S. Capital Wealth Advisors LLC Acquires New Holdings in Pinterest, Inc. (NYSE:PINS)

U.S. Capital Wealth Advisors LLC acquired a new position in shares of Pinterest, Inc. (NYSE:PINS - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 46,609 shares of the company's stock, valued at approximately $1,445,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Pinterest in the first quarter valued at approximately $25,000. Garde Capital Inc. acquired a new stake in Pinterest during the 1st quarter worth approximately $26,000. NBC Securities Inc. boosted its position in Pinterest by 99,900.0% in 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 acquired a new position in shares of Pinterest in the first quarter worth $32,000. Finally, Golden State Wealth Management LLC increased its position in shares of Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after acquiring an additional 1,058 shares during the period. Institutional investors and hedge funds own 88.81% of the company's stock.

Insider Activity at Pinterest

In other Pinterest news, CFO Donnelly Julia Brau sold 29,606 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $34.25, for a total transaction of $1,014,005.50. Following the completion of the transaction, the chief financial officer owned 362,890 shares in the company, valued at approximately $12,428,982.50. The trade was a 7.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin Silbermann sold 408,332 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $33.16, for a total value of $13,540,289.12. Following the transaction, the director directly owned 6,274 shares in the company, valued at $208,045.84. This trade represents a 98.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,278,445 shares of company stock valued at $43,269,922 over the last ninety days. Corporate insiders own 7.06% of the company's stock.

Pinterest Stock Down 0.3%

Shares of PINS stock traded down $0.11 on Thursday, reaching $35.79. 4,920,764 shares of the stock were exchanged, compared to its average volume of 11,056,437. The stock has a market cap of $24.27 billion, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. The firm has a 50 day moving average of $33.10 and a two-hundred day moving average of $32.08. Pinterest, Inc. has a 1-year low of $23.68 and a 1-year high of $43.75.

Pinterest (NYSE:PINS - Get Free Report) last announced 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). Pinterest had a return on equity of 8.13% and a net margin of 50.41%. The business had revenue of $854.99 million for the quarter, compared to analysts' expectations of $848.49 million. During the same period last year, the company posted $0.17 earnings per share. The firm's revenue for the quarter was up 15.5% on a year-over-year basis. On average, equities research analysts predict that Pinterest, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PINS has been the subject of a number of recent research reports. Monness Crespi & Hardt decreased their target price on Pinterest from $50.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 9th. TD Cowen lowered their price objective on Pinterest from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. KeyCorp lifted their price target on shares of Pinterest from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Citigroup reissued a "buy" rating and issued a $44.00 price objective (up from $41.00) on shares of Pinterest in a research report on Tuesday, June 24th. Finally, Wolfe Research upgraded 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. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $40.52.

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.